Navigating Secure Act 2.0 and 401k Retirement Plan Design Challenges | Ask My Man Manny Podcast

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Join us on a transformative journey through the evolving world of retirement planning with Ricky Taylor, Director of Retirement Planning at CEP Consultants. From his beginnings at Prudential to mastering the art of employer-sponsored retirement plans, Ricky shares the pivotal shifts from generic solutions to sophisticated strategies that take age and tenure into account. Discover the intricacies of new comparability profit-sharing plans, which offer personalized benefits for business owners and key employees while catering to the entire workforce. As changes loom over Social Security, Ricky underscores the critical need for strategic planning to secure and sustain financial futures.
Our conversation illuminates the powerful role of financial advisors in shaping balanced investment portfolios and why understanding your investment philosophy matters more than chasing volatile market trends. We delve into the educational aspects of asset allocation and recent legislative innovations like the Secure 2.0 Act, which revolutionizes how young professionals balance debt and retirement planning. With tax incentives for retirement plans and student loan-matching contributions, the landscape is changing. This episode is a treasure trove of insights for anyone looking to navigate the complex but rewarding world of financial and retirement planning.

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Season 1 Music is Freethrow by Timothy Infinite
Season 2 Music is Unwind by Dream Cave
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Capítulos

1. Navigating Secure Act 2.0 and 401k Retirement Plan Design Challenges | Ask My Man Manny Podcast (00:00:00)

2. Evolution of Retirement Plan Designs (00:00:03)

3. Retirement Plan Investment Advice (00:15:27)

4. Financial Planning and Professional Advice (00:30:11)