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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

Jan 19, 2023

In the first part of this two-part series, we detailed the changes coming to required minimum distributions and Roth accounts. In this episode, we’ll work our way through more of the planning items in SECURE Act 2.0, including spousal IRAs, qualified charitable distributions, catch-up contributions, emergency savings accounts, and required minimum distributions.


Here’s some of what you’ll learn in this episode:

  • How has the spousal IRA changed and what that means in different situations? (3:08)
  • Catch-up contributions in IRAs are now going to be indexed for inflation. (9:24)
  • In 2025, those aged 60-63 will be able to contribute more than the catch-up contribution. (13:29)
  • Starting in 2024, the max amount you can use for a qualified charitable distribution will be indexed for inflation. (15:58)
  • The penalty for failing to take your RMD will be less starting in 2023. (17:27)
  • There are now more opportunities to take out emergency money from your retirement accounts early without penalty. (20:13)
  • New opportunities to pay off student loans through employment. (24:12)


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