Last month some new IRA changes were proposed. How could these possible changes impact your financial future and your family’s?
What we discuss:
0:32 – Spring has sprung
2:27 – IRS rule changes
4:29 - Inheritance rules
6:47 – New proposed required distributions
7:49 – When the original owner dies
9:21 – Designated beneficiaries
11:37 – Impact on generational wealth
13:13 – Make a comment to the government
13:52 – Roth tax advantages
14:58 – Tax planning tips for 2021
17:35 – What’s the catch?
18:28 – Is there a MAGI?
Submit a formal comment: https://www.federalregister.gov/documents/2022/02/24/2022-02522/required-minimum-distributions
Referenced Article: https://www.journalofaccountancy.com/news/2022/feb/proposed-regulations-update-rmds-secure-act-changes.html
Get additional financial information: https://doncashpodcast.com/episodes/
