Quantum Prosperity Consortium Investment Education Foundation and Michael D. David on IRS Roth Contribution Transition
29 July 2024 - 9:33PM
On August 25, 2023, the Internal Revenue Service (IRS) announced an
administrative transition period extending until 2026 the new
requirement that any catch-up contributions made by higher-income
participants in 401(k) and similar retirement plans must be
designated as after-tax Roth contributions. This decision impacts
numerous investors seeking to maximize their retirement savings.
Michael D. David, the founder of
Quantum Prosperity Consortium Investment Education Foundation,
responded positively to this announcement. The foundation,
established in September 2018, focuses on enhancing investors'
financial literacy and investment skills. David, with his extensive
experience in the financial industry, highlighted that this
extended transition period allows investors more time to adjust
their strategies in light of the new Roth catch-up contribution
requirements. The foundation's advanced AI investment system,
FINQbot, will offer personalized advice to help investors navigate
these changes.
The foundation's mission to promote
knowledge of global account investments and fraud detection aligns
with the current need for clear understanding and strategic
planning in response to tax and regulatory changes. Quantum
Prosperity Consortium continues to support investors in achieving
secure wealth growth, with a particular focus on the implications
of the SECURE 2.0 Act and its provisions. The foundation plans to
incorporate these updates into its comprehensive educational
activities, ensuring that participants are well-prepared to make
informed decisions.
As part of its future outlook, the
foundation aims to establish a comprehensive investment education
network across the United States and globally, leveraging AI and
big data technologies to innovate its educational service models.
This vision is in line with its goal to become a trusted
educational partner for investors, helping them achieve their
wealth aspirations.
Company: Quantum Prosperity Consortium
Investment Education Foundation
Contact Person: Kevin Davis
Email: service@quantumcut.com
Website: www.quantumcut.com
Country: United StatesDisclaimer: The information provided
in this press release is not a solicitation for investment, nor is
it intended as investment advice, financial advice, or trading
advice. It is strongly recommended you practice due diligence,
including consultation with a professional financial advisor,
before investing in or trading cryptocurrency and securities.
Kevin Davis
Quantum Prosperity Consortium Investment Education Foundation
service at quantumcut.com