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401K Law Changes

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401K Law Changes

If you are investing for retirement and are using a 401k or plan on using a 401k as an investment vehicle, keep an eye on some law changes that are happening at the federal level. There’s a series of statutes and laws coming through the pipeline that are going to change the 401K fund and 401K plan requirements. That may be an advantage or benefit to some people, there may also be some disadvantages. There will be new incentives to save, meaning that advantages for investors and also having a later age to start minimum withdrawal. So you can leave your money there longer before you have to start pulling money out of your 401K. Basically they’re going to make it so you don’t have to start taking out money until 75 versus 72 and increase the amount that you can put in every year before taxes. 


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