A recent article in The Hill paints the EARN Act (Enhancing American Retirement Now), the Senate’s version of the House’s Secure Act 2.0 bill, in a negative light as primarily a tool to give a tax break to rich Americans in a way that ultimately adds to the national deficit and only circumvents problems instead of solving them. We’ll break down the article on today’s episode and share our opinion on what it gets right, and wrong…
Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA
Key points:
1:17 – RMDs at age 75
5:34 – Additional $10,000 in savings
8:23 – Are Roth conversions are bad?
Read more and get additional financial resources here: http://philstaxhacks.com
Ep 151: How Money Ads Get Your Attention
Ep 150: Getting Your Financial Decisions Right the First Time
Ep 149: How Procrastination Dooms Your Financial Future
Ep 148: Going Against the Grain
Ep 147: A Deep Dive Into RMDs (Part 2)
Ep 146: A Deep Dive Into RMDs (Part 1)
Ep 145: A Tough Conversation – Retirement and Divorce
Ep 144: Retirement Pop Quiz – Can You Get an A+?
Ep 143: Mailbag - Rates of Return, TSP Investments, and More
Ep 142: Surviving a Bear Market - What Do the Experts Say?
Ep 140: Investor Beware: Advisor Red Flags
Ep 139: Are You a Risk Taker? Evaluating Your Risk Tolerance Level
Ep 138: Top 10 Financial Debates - Part 2
Ep 137: Top 10 Financial Debates – Part 1
Ep 136: Are These Retirement Statistics Encouraging or Discouraging?
Ep 135: The Secret to Retirement Success
Ep 134: Countdown to Retirement
Ep 133: Can I Retire at 55?
Ep 132: Reasons You SHOULD Get Life Insurance
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