PODCAST EPISODE 211: The 2021 Reconciliation Spending Bill & Its Impact on Your Retirement
EPISODE SUMMARY
Topics Covered:
Topics Covered in Today’s Episode:
“CNN Article giving some detail to the spending set forth in the Bill”
by CNN
“Ways and Means releases list of tax provisions for budget bill”
By Journal of Accountancy
“House Democrats propose new retirement plan rules for the rich, including contribution limits and a repeal of Roth conversions”
By CNBC
“Hidden In The Reconciliation Bill: A Retirement Plan Mandate That Will Take Most People By Surprise”
By Forbes
“Update – Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy”
By The National Law Review
WHAT WAS COVERED
- 00:00 – Paul Welcomes the show.
- 03:50 – Reviewing the research for tax bill
- 06:00 – Article Breakdown: “Giving some detail to the spending set forth in the Bill” by CNN & “Ways and Means releases list of tax provisions for budget bill” By Journal of Accountancy
- 15:53 – Article Breakdown: “House Democrats propose new retirement plan rules for the rich, including contribution limits and a repeal of Roth conversions” By CNBC
- 18:55 – Article Breakdown: “Hidden In The Reconciliation Bill: A Retirement Plan Mandate That Will Take Most People By Surprise” By Forbes
- 30:36 – Article Breakdown: “Update – Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy”
By The National Law Review - 40:15 – Closing thoughts.
- 41:39 – Show ends, thank you for listening.
TWEETABLES
[Tweet “There’s more surprisingly different pages on this tax bill than pages of the cheesecake factory menu. #YourBusinessYourWealth”]
[Tweet “The second they start lowering that number [the max amount of contributions to your Roth] means it’s going to go even lower in the future. It’s actually something we don’t really want to give any ground on #YourBusinessYourWealth”]
[Tweet “This would be the 2nd retroactive income tax assed, the last one was under the Clinton administration; it’s meant to not cause a bunch of upset in the markets with people trying to lock in capital gains. #YourBusinessYourWealth”]
LINKS
Article 1 – “CNN Article giving some detail to the spending set forth in the Bill” By CNN
Article 2 – “Ways and Means releases list of tax provisions for budget bill” By Journal of Accountancy
Article 3 – “House Democrats propose new retirement plan rules for the rich, including contribution limits and a repeal of Roth conversions” By CNBC
Article 4- “Hidden In The Reconciliation Bill: A Retirement Plan Mandate That Will Take Most People By Surprise” By Forbes
Article 5 – “Update – Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy” By The National Law Review
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MUSIC CREDITS
Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.
PRODUCTION CREDITS
Podcast production and show notes by Greater North Productions LLC
