This short video was sent to me by a friend a couple of years ago
It really resonated with me, so continuing a tradition, I like to share it at Christmas time.
… back with you after the New Year
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click to view (best with audio on)
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A couple of months ago, we alerted readers that Congress was targeting frugal estate planner by considering an end to so-called “stretch” IRAs.
Well they did it.
While folks were fixated on a shiny object, Congress passed a massive spending bill … with some of the outrageous spending being funded by limiting IRA benefits..
Why’s that important?
Here’s our original post, in case your memory needs a jogging…
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According to a WSJ recap…
Conventional financial planning wisdom has been to put as much money as possible into IRAs and 401Ks … starting early, maxing plan contributions, benefiting from company matches, growing accounts tax-free … and, if you don’t end up spending all of the dough in retirement, pass anything left in the pot to heirs.
While that basic logic still holds, Congress is moving to throw a monkey wrench into the works by substantially increasing the tax burden on heirs.
Here’s what’s going on…
The Homa Files 