Changes are coming to IRAs in 2015. Are you ready to help your clients take advantage of those changes?
Sometimes, the inability to maximize value is found in the fine print. As Joshua Kadish, AIF, RFC of RPG Life Transition Specialists, explains, "Too often I see people who haven't been maximizing their contributions simply because they didn't know that the limits had been adjusted. Our goal is ensure everyone knows what the fine print says so they can make educated decisions."
So, how to take advantage of the IRA changes? "These programs are always changing and evolving, and we're seeing this with the new myRA option," says Kadish. If there's one New Year's resolution you commit to this year, it should be to understand where your money is going so you can feel safe and secure about your retirement future. On the following pages, find the four biggest changes occuring in the IRA space in 2015. 
1. There's a New IRA Option:
It's called myRA and it's a Roth IRA account that isn't connected to your employer. Fully guaranteed by the federal government, this account will be available to those with an individual income of less than $129,000 annually and will allow workers to contribute after-tax dollars through payroll deduction. 
2. Increased Limits on 401(k) Contributions:
3. Higher Social Security Payments: 
4. Tax Credits for Savers: 
