WOW: Empowering you to achieve financial freedom, live a purposeful life and inspire generations to come.

It’s hard enough keeping on top of everything that’s going on in your life and your business. Add keeping up with all the critical changes in taxes, regulations, financial opportunities and insurance products. It’s impossible!

That’s what Women Of Wealth is all about. Making sure you know, understand and have what it takes to succeed—right now—in your life and in your career. The essential knowledge, products, services and opportunities in 2025.

At WOW, we create an individualized plan with everything that’s critical to your personal and professional growth (and nothing that isn’t). Because experience shows us that you might not need things you’re currently paying for—and you might benefit from services you haven’t yet considered. The new year is bringing a lot of changes with it—and Women of Wealth is here, ready to navigate them with you.

Schedule a complimentary consultation with us today and get ready to live the joy of personal and financial success.

Important Retirement Plan Changes Coming in 2025

As we approach the new year, it’s important to be aware of significant changes to retirement plans that will take effect on January 1, 2025, due to the SECURE 2.0 Act.

These changes aim to make saving for retirement more accessible and beneficial for many Americans, including educators.

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Here Are Some Key Points To Consider:

Automatic Enrollment

This new provision mandates employers to automatically enroll their employees in retirement plans, such as 401(k), 403(b), or 457 plans, with default contribution rates. This can help individuals start saving for retirement earlier and more consistently (for newly started plans)
Existing plans and government agencies are not affected by this change.

Minimum Distribution

The age for required RMDs changed in 2024 from 72 to 73. The next change will be in 2033, the age will raise to 75. This means you can delay taking withdrawals from your retirement accounts, potentially allowing your savings to grow for a longer period.

Emergency Fund

The SECURE 2.0 Act allows for penalty-free withdrawals of up to $1,000 from your retirement account to cover emergency expenses. This can provide a safety net in unforeseen circumstances.

Student Debt

The Act introduces provisions that may help individuals balance student loan debt and retirement savings. These include matching contributions for student loan payments and potential tax benefits for certain student loan repayments.

Converting 529 Plans

In December of 2022, continuing into 2025, there was additional flexibility beyond the redirect of funds to another family member. Now, if the 529 account has been open, For 15 years, beneficiaries can roll up to $35,000 from the account into their ROTH IRA. This is a lifetime limit, but the rollover counts towards ROTH IRA annual contribution limits.

Catch up for those people 60- 63

The traditional rule allow for those over 50 to add an additional amount to their retirement, $7500 for a total saving amount of $31,000. Those people age 60-63 can add additional amount of $11,250 for catch up or a total amount of $34,750.

These are the 2025 amounts.

Additional Tips!

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Review Your Retirement

Take this opportunity to assess your current retirement plan and make any necessary adjustments based on the changes introduced by the SECURE 2.0 Act.

Increase Contributions

If possible, increase your contributions to your retirement plan to take advantage of the potential benefits.

Seek Professional Advice

Consulting with a financial advisor can help you understand how these changes may impact your specific retirement goals and develop a personalized plan.

TESTIMONIALS

"Hawley's leadership is characterized by a unique blend of passion, drive, and an unwavering commitment to empowering others.
As a champion for women in the workplace, she has consistently demonstrated a profound dedication to fostering an inclusive and supportive environment. Her advocacy for female professionals not only uplifts the team but also inspires each member to reach their
full potential."

- Tracy Beckhusen

"Appreciation Financial welcomed me with open arms. Hawley guided me through the licensing process, introduced me to a one-on-one trainer, and spent time in the field with me. By sharing the AF System and business opportunity Hawley and the rest of the team showed me that my hard work would pay off! Hawley and the team have been so supportive and genuinely interested in my growth, and an integral part of my business success!"
- Erik Ong

Contact Hawley

Hawley Woods Gray | Managing Vice President Appreciation Insurance &
Financial Services, LLC
2485 Village View Dr #190
Henderson, NV 89074

[email protected]

CA Lic. # 0H53447 | NV Lic. # 237753083 | OK Lic. # 3000821199 | Appreciation, LLC License # 606002

Contact Allie

Allie Ramo | Senior Field Manager
Appreciation Insurance & Financial
Services, LLC
2485 Village View Dr #190
Henderson, NV 89074
(619) 752-0053