More than Money
November 9, 2024 – New Market Highs After Trump Wins Election – 2025 Limits on Retirement Account Contributions – New Tax Clients Should Sign Up Now!
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Sinopsis
Post-Election Day, what happened to the stock market, and what did the Federal Reserve do? Your host Alyssa Young recaps these events and talks about myriad other topics, including: Get the new IRA and 401k contribution limits for 2025. If you’re considering becoming an MtM tax client for your 2024 return, get on the list now. Learn what info we need. What happens to benefits if the Social Security trust fund is depleted? Should you take the 2024 RMD from an IRA inherited after 2020, even though the penalty is waived again this year? How much interest are I bonds paying these days? A personal finance columnist with a terminal illness reminds us to straighten up our affairs to help our survivors. A study says Generation X women have saved only 5% of what they think they need to retire. Also during the Nov. 9 show, Alyssa answers listeners’ questions: Will lottery winnings increase my health insurance premiums? Which accounts should go to family vs. charities? How are assets