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2019 Changes to 401(k) and IRAs

Hosted by: Laura Hawley Special guest: Bob Sullivan

April 17, 2019

Host
Laura Hawley – CFP®, President at Allen & Company

Co-Host
Bob Sullivan – CMFC®, CIMC®, CIMA®, Financial Advisor at Allen & Company

Guest
Kaylen O’Leary – MSN, RN, BA Clinical Nurse Specialist and Manager of Stroke Program, Advent Health.

In this episode, we discuss all you need to know about 401(k) and IRA Retirement plans; how much you can invest in them and how changes in the rules affect your retirement plan accounts.

In our Medical moment, we will visit with special guest Kaylen O’Leary, MSN, RN Clinical Nurse Specialist and Manager of Stroke Program, AdventHealth to discuss High Blood pressure and Hypertension.

In this episode we cover:

  • Economic Compass (0:49)
  • What is a 401(k)? (6:00)
  • Changes to 401(k) Plans and IRAs in 2019 (7:29)
  • Contributions made by the employers (10:26)
  • The issues of discrimination between the different ranks (19:06)
  • Roth 401(k) option (15:02)
  • Roth vs Traditional retirement plans (15:52)
  • The investment side of employer retirement plans (23:58)
  • IRAs: Traditional vs Roth options (20:06)
  • Investments in IRAs vs 401(k) (23:58)
  • Medical Moment with Kaylen O’Leary, MSN, RN Clinical Nurse Specialist and Manager of Stroke Program, AdventHealth to discuss High Blood Pressure and Hypertension (28:51)

Links From the Show:

Tweetable Topics:

We’ve entered into the earning season. – Laura Hawley, CFP®, President at Allen & Company

Sometimes, a company can report a really good earnings, the stock price can still go down. – Laura Hawley – CFP®, President at Allen & Company

It’s an opportunity for employees to put away money on a pre-tax basis in a traditional 401(k). – Bob Sullivan – CMFC®, CIMC®, CIMA®, Financial Advisor at Allen & Company

The days of the company putting in all the money in a pension plan for you are pretty much gone. – Bob Sullivan – CMFC®, CIMC®, CIMA®, Financial Advisor at Allen & Company

Any time that a company is offering you free money, you really need to take it. – Bob Sullivan – CMFC®, CIMC®, CIMA®, Financial Advisor at Allen & Company

Connect with:

Laura Hawley – CFP®, President at Allen & Company
Allen & Company – Laura Hawley

Bob Sullivan – CMFC®, CIMC®, CIMA®, Financial Advisor at Allen & Company
Allen & Company – Bob Sullivan
LinkedIn – Bob Sullivan

Kaylen O’Leary – MSN, RN Clinical Nurse Specialist and Manager of Stroke Program, AdventHealth.
LinkedIn – Kaylen O’Leary

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