2025 401(k) Updates You Should Know | Queer Money Ep. 558

Queer Money®: How Gay People Do Money

Changes to 401(k)s are coming in 2025!

In this episode of the Queer Money Podcast, hosts David and John talk with LGBTQ+ financial advisor Jake Skelhorn about significant 401k changes coming in 2025. They highlight five key changes, including updated catch-up contribution limits for those aged 50 and above, mandated Roth catch-up contributions for high income earners in 2026, and automatic 401k enrollments. Jake also explains the Secure Act 2.0’s rules on inherited IRAs and the implications for the LGBTQ+ community. They delve into strategies for investing in retirement accounts and the potential benefits for younger and late-start savers in making the most out of these new rules.

Topics Covered:

• 00:00 Introduction to 401k Changes in 2025
• 00:15 Meet Jake Skelhorn: LGBTQ+ Financial Advisor
• 03:39 Catch-Up Contributions Explained
• 05:26 Investment Strategies for Near-Retirees
• 07:55 Changes for High-Income Earners
• 17:57 Automatic Enrollment in 401ks
• 22:07 Inherited IRA Changes
• 26:57 Conclusion and Final Thoughts

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• Connect with David on LinkedIn

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