7 Ways The New Tax Bill Could Impact Retirement Planning

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

By Jamie Hopkins

The Ways and Means Committee released the first draft of a major tax bill this week. While it is mostly aimed at increasing taxes to pay for other social policies and government infrastructure initiatives, there are a number of provisions that would change retirement planning.

You can see a summary by the Ways and Means Committee here. Most of this bill as it relates to retirement planning is more about tax revenue and adding new restrictions. It’s not geared at expanding retirement access or enhancing retirement security of Americans as other bills in front of congress, like the SECURE Act 2.0.

While congress is looking at adding retirement enhancements, the proposed tax bill released this week is geared towards tax revenue and removing perceived “excess” benefits.

Full article on Forbes

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

How To Head Off A Post-Work Identity Crisis

By Ron Carson Will you still be relevant when you’re no longer working? That’s something many people wonder as they near retirement. While the simple answer is yes, you may find that the toughest audience to convince is yourself. That’s because grieving the loss of a workplace identity is f …

Wealth Advisor Tom Chaney Rebrands New Mexico, Texas Offices to Carson Wealth

Las Cruces, New Mexico and El Paso, Texas – May 26, 2021 – Wealth Advisor Tom Chaney, MRFC®, AIF®, announced today that he is rebranding his two offices, one in Las Cruces, New Mexico and one in El Paso, Texas, to Carson Wealth, one of the fastest-growing financial services names in the country.

Strategic Wealth Partners Becomes First Carson Wealth Office in Pennsylvania

DOYLESTOWN, Penn., January 19, 2021 – Strategic Wealth Partners, LLC, a boutique wealth management firm serving families in Doylestown, the Philadelphia metro area, and across the country, announced today that it is joining the Carson Wealth brand. Managing $200 million in assets, Strategic …

Retirement Income Specialist Jason Juhl Joins Carson Wealth in Des Moines

Des Moines, IA – October 16, 2020 – Wealth Advisor Jason Juhl, RICP®, has announced his decision to affiliate with Carson Wealth to provide his clients with the support and services of a full roster of highly specialized professionals, ranging from estate planning to CPAs and tax profession …
1 2 3 28 29 30

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation

TweetsFollow Us