Retirement Plan Changes: What the IRS Update Means for You
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 24 July 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
The IRS has issued new guidance on early distributions from retirement plans, providing clarity on exceptions to the 10% additional tax for unforeseeable or emergency personal or family expenses and for survivors of domestic abuse. Understanding the key points of this updated guidance is crucial to ensure it aligns with your retirement goals and minimizes potential penalties.
Today's Stocks & Topics: MCD - McDonald's Corp., UNH - UnitedHealth Group Inc., PM - Philip Morris International Inc., Market Wrap, Retirement Plan Changes: What the IRS Update Means for You, AES - AES Corp., Utility Companies, AAPL - Apple Inc., FCC and Crypto Approval, S&P 500, NVDA - NVIDIA Corp., TSM - Taiwan Semiconductor Manufacturing Co. Ltd. ADR, GLD - SPDR Gold Shares, CELH - Celsius Holdings Inc., VVV - Valvoline Inc., GM - General Motors Co., Companies and Politics.
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Transcript
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| 0:00.0 | At a time when investors are confronted with market volatility and a variety of challenges |
| 0:09.9 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic |
| 0:16.0 | pressures. Luke Guerrero stands ready to take your finance and investment questions and |
| 0:22.1 | share his unbiased answers. |
| 0:25.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, |
| 0:31.0 | serving clients throughout the United States. |
| 0:34.9 | The clarity for your path forward starts now. |
| 0:39.8 | Here is KPP Financial portfolio manager Luke Guerrero. |
| 0:45.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:49.0 | My name is Luke Guerrero and today's Tuesday, July 23rd, 2024, and I'm very excited to be here with you on this |
| 0:56.2 | Tuesday. |
| 0:57.2 | You know, I'm not usually here with you on Tuesdays and full disclosure. |
| 1:00.1 | I'm actually going to be here with you every day for the rest of the week. |
| 1:04.3 | And each day we're going to meet and talk about what you want to talk about, but I don't know |
| 1:08.8 | what that is. |
| 1:10.4 | So how, you might ask, am I going to tell Luke what I want to talk about well |
| 1:14.8 | Hopefully you call us live over the next hour if you don't want to talk to me alive I get it |
| 1:19.3 | People tell me they don't like to talk to me live from time to time, so leave me a voicemail. |
| 1:24.0 | Or maybe go over to our YouTube channel. |
| 1:26.0 | Leave a comment. |
| 1:28.0 | Either way, I want to hear from you. |
| 1:30.0 | Now, that being said, we'll talk about the market performance in a little bit as well as run |
... |
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