High-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break

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New WSJ Article / Conversation Starter

“High-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break”

Who is Impacted?

Individuals age 50 and up
Incomes north of $145,000
Make catchup contributions to their 401(k) plans

What’s Changing?

Effective 2024, catch-up contributions must be made with after-tax dollars into a Roth account.

Link to the WSJ Article

Sales Idea: High income earners may want to set aside additional funds above qualified plan limits. Cash value life insurance and annuities can be ideal.

Forward the Article:

Forward the article to appropriate clients and prospects to start a fresh conversation about their financial strategy. Do they want to take advantage of tax savings made possible with life insurance and annuities? What is their long-term care strategy? Will they be impacted by the increases in the death tax?

Post the Article to Social Media:

Post the article to social media and encourage readers to message you for a complimentary financial strategy checkup. Are they taking advantage of all available tax saving strategies?

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