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CONGRESS CLOSING THE BACKDOOR: IRAs & 401(k)s May Never Be The Same - MNO EPISODE 292
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MAJOR changes may be on the horizon for individuals with high incomes and large balances in their IRAs and 401(k)s. I told you last week that Congress may be looking to crack down on the use of accounts like Roth IRAs by the wealthy, and such a proposal just hit the wire this week. There are lots of proposed changes from contribution rules to new RMDs to closing up the backdoor IRA for many investors. These are things we need to keep up with as retirement savers! Today, we will discuss:
1. What Congress is proposing
2. What these retirement plan regulations mean
3. How these regulations may impact your life and lead to more regulation in the future
(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)
1. What Congress is proposing
2. What these retirement plan regulations mean
3. How these regulations may impact your life and lead to more regulation in the future
(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)
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CONGRESS CLOSING THE BACKDOOR: IRAs & 401(k)s May Never Be The Same - MNO EPISODE 292
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