MAJOR changes may be on the horizon for individuals with high incomes and large balances in their IRAs and 401(k)s. I told you last week that Congress may be looking to crack down on the use of accounts like Roth IRAs by the wealthy, and such a proposal just hit the wire this week. There are lots of proposed changes from contribution rules to new RMDs to closing up the backdoor IRA for many investors. These are things we need to keep up with as retirement savers! Today, we will discuss: 1. What Congress is proposing 2. What these retirement plan regulations mean 3. How these regulations may impact your life and lead to more regulation in the future Begin your path to financial freedom today: Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)