{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"029: What Tax-Saving and Financial Planning Moves Should I Make Before Year-End?","description":"The end of 2022 is upon us, and boy, has it been a bit of a roller coaster this year with inflation. But with only a few weeks left, it\u2019s time for us to make some important financial decisions and adjustments before that December 31st deadline. The heart-to-heart you have with your finances now could reduce the burden of your taxes and increase Medicare savings, retirement savings, investments, and more. On top of that, federal law and government rule changes taking effect in 2023 will also impact our daily lives. While some of these are inflation adjustments, others are here to stay. In this episode, we will be teeing up all the year-end and new year planning strategies you need to know about, including:  Maximum Retirement Contribution \u2013 Increases to IRAs, Roth IRAs, 401ks, and 403Bs The Increased Income Limit for Roth IRA Contributions Information about the Secure Act 2.0 and How That Will Impact Retirement Savers if Passed Required Minimum Distribution Changes for Those Who Inherit an IRA Limit Increases on Retirement Accounts and Plans for Those Who Are Self-Employed Some Eye-Opening Changes with Medicare \u2013 Premiums Are Going Down, and New Insulin Copay Caps The Social Security Tax Hike for Certain High Earners New Income Tax Brackets  Plus, a host of other planning tools for you to consider. At Del Monte Group, we love this time of year. Not only are you taking a deeper look at getting your finances in order, but you\u2019re measuring successes and exploring opportunities for the year ahead. It\u2019s a time to take a more proactive and strategic approach to ensure that you, your family, and the lifestyle you want to live are fully supported. Our goal with this episode is to help you get down to the nitty-gritty and take action starting now! ","author_name":"A Place of Possibility","author_url":"https:\/\/aplaceofpossibility.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/25181664\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/25181664"}