What’s New in Tax Planning?

Tyler Hafford and Hannah Tackett break down key updates every investor should know—from Secure Act 2.0’s game-changing provisions like Roth 401(k) matches and 529-to-Roth transfers, to the fast-approaching 2025 expiration of current tax laws. With timely insights and practical examples, they show how to leverage today’s rules to minimize future taxes and why proactive planning now could pay off big later.

You’ll learn:

1. Secure Act 2.0 Updates – What’s changed with RMDs, Roth employer contributions, and 529 plans.

2. 529 Plans Reimagined – Why these accounts are now more flexible and powerful than ever for family financial planning.

3. 2025 Tax Law Expiration – What may change, what to watch for, and how to plan proactively before tax rates increase.

Takeaways:

• [03:05] – “The RMD age has increased again—now 73, and heading to 75 by 2033.” – A longer runway for tax planning.

• [06:12] – 529 to Roth IRA rollovers explained – After 15 years, unused 529 funds can support retirement savings for your child.

• [09:50] – “That bank account’s not keeping up with inflation—especially college inflation.” – Hannah unpacks missed opportunities in common college savings approaches.

• [17:35] – 2025 Tax Sunset overview – Brackets may rise, deductions may shrink, and estate tax exemptions could be halved if Congress doesn’t act.

• [20:48] – “2024 and 2025 are your years for Roth conversions and gifting strategies.” – Use the current low-tax environment to your advantage.
  

Got questions? We can answer them with clear, actionable strategies. Contact us at PenobscotFA.com