WCI #230: Congress Proposes New Tax Bill Impacting High Earners
White Coat Investor Podcast
English - September 30, 2021 06:30 - 1 hour - 90.7 MB - ★★★★★ - 2.2K ratingsInvesting Business Health & Fitness Medicine investing insurance financialplanning financialindependence earlyretirement Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
There are potential big changes coming up as a new tax bill is working its way through Congress. While there are sure to be many changes to the proposed bill before it becomes law we wanted to dive into how this bill will affect the WCI community. One of the biggest impacts is that backdoor Roth IRA and mega backdoor Roth IRA accounts could be gone for good. There are proposed changes to income tax brackets and required minimum deduction rules. We look into these changes and many others that could be coming our way.
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