Ep 141: The Enhance Your Retirement Now Act

Phil's Tax Hacks

English - July 07, 2022 09:00 - 15 minutes - 22 MB - ★★★★★ - 4 ratings
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Previous Episode: Ep 140: Investor Beware: Advisor Red Flags

Next Episode: Ep 142: Surviving a Bear Market - What Do the Experts Say?

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