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Show Notes
Big changes are on the horizon for 2025, and this episode is all about keeping you in the loop. From updates to 401(k)s, Social Security, and Medicare to new tax brackets and changes for inherited IRAs and HSAs, we’re covering it all. Whether you’re retired, approaching retirement, or just beginning to map out your plans, this discussion is for you.
Plus, Scott has some exciting personal news- he and his wife are expecting a baby girl! While the podcast may take a brief pause when she arrives, you can expect him to return soon with more tips to help you thrive in life, wealth, and retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:30 – 401(k)s, 403(b)s and 457s
6:45 – IRAs and Roth IRAs
8:08 – Social Security and Medicare updates
13:08 – Tax changes
18:34 – Health savings accounts
20:58 – Inherited IRAs for non-spousal beneficiaries
Resources for this episode
401k Changes
https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000
Social Security & Medicare
https://www.ssa.gov/news/press/factsheets/colafacts2025.pdf
https://www.kiplinger.com/retirement/medicare/three-medicare-changes-on-the-horizon-for-2025
https://www.cms.gov/newsroom/fact-sheets/2025-medicare-parts-b-premiums-and-deductibles
Thanks for checking out this episode of the podcast. If you’d like to learn more about financial and retirement planning, check out our YouTube channel here.
