"Preparing for Retirement in 2024: Key Changes and Smart Money Moves"

Changes for retirement in 2024 include potential taxes on Social Security benefits due to a high cost-of-living adjustment (COLA) in 2023, the ability to roll over unused funds from 529 education accounts to a Roth IRA, the elimination of required minimum distributions for designated Roth accounts in certain retirement plans, a 3.2% increase in Social Security benefits, higher Medicare expenses including increased Part B rates and Part D premiums, and the cooling of inflation providing some relief for retirees.