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BREAKING: Two BIG Problems with the New SECURE 2.0


Overnight Congress released new version of SECURE 2.0 as part of the omnibus. It may pass this week. The proposed law has several problems. One of them is it over relies on employer plans for YOUR retirement. A second is it introduces wage limits on certain parts of 401(k) plans, which is a bad idea and opens the door to make 401(k)s even more complicated. 00:00 Introduction 01:22 Wrong Approach 04:04 Income Limits in 401(k)s! 07:14 What's Next? The full omnibus bill text is here (SECURE 2.0 starts on page 2046): I've tweeted about various aspects of SECURE 2.0. You can follow me here: At 05:57 I said "IRA" when I meant to say "401(k)". Sorry! I have a plan for reforming American's retirement tax laws: This video, the show notes, description, and any comments are for educational purposes only. They do not constitute tax, legal, financial, and/or investment advice for any person. Consult with your own advisors regarding your own matters....(read more)


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