In this episode of Game Plan for Retirement, host Peter is joined by Chris McIntire, President and Founder of McIntire Retirement Services, to discuss critical financial strategies you need to execute before the year ends. As December 31st approaches, taking a proactive approach to your retirement savings and tax planning can make a significant difference in your long-term wealth.
Chris breaks down time-sensitive deadlines, actionable tax-saving strategies, and investment adjustments to help you wrap up the year strong and step into the next year with confidence.
Key Highlights & Topics Covered:
Upcoming Educational Workshop: A preview of the two-session retirement planning class at Terra State Community College on November 5th and 12th, offered through The Prepare Institute.
Roth IRA Conversions: Why year-end is the optimal time to evaluate converting traditional 401(k) or IRA assets into a Roth IRA for future tax-free growth.
Required Minimum Distributions (RMDs) & QCDs: How to navigate RMD rules for age 73+ and utilize Qualified Charitable Distributions (QCDs) starting at age 70½ to fulfill RMD requirements tax-free.
Maximizing Payroll Retirement Contributions: Key updates on 401(k) and 403(b) contribution limits, including new Roth catch-up mandates for savers aged 50 and older.
Tax-Loss Harvesting & Rebalancing: Strategies for offsetting capital gains before December 31st and aligning your portfolio risk tolerance amid shifting market trends.
