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Your Money, Your Wealth

Are More Trump Tax Cuts and Big 401(k) & IRA Changes On the Way? - 181

Your Money, Your Wealth

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3681 Ratings

🗓️ 7 August 2018

⏱️ 50 minutes

🧾️ Download transcript

Summary

More possible tax cuts from the Trump administration, and big changes coming to our 401(k)s and IRAs? Plus, If you had to buy and hold one stock for the rest of your life, or if you had to choose one investing style and stick with it for the rest of your life, what would you choose? Meb Faber from the Meb Faber Show podcast answers those questions and talks about his upcoming book, The Best Investment Writing, Volume 2. And we’ll check in with Pure Financial Advisors’ Director of Research, Brian Perry, CFP®, CFA® for a 2018 second quarter market update. Transcript and show notes: http://bit.ly/YMYW-181

Transcript

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0:00.0

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0:07.6

You'll find a link right at the top of the show notes for this episode at Your Money Your Wealth.com.

0:12.1

What financial topics matter to you the most? What are your favorite parts of the podcast?

0:16.0

What would make this show even better for me?

0:18.7

Fill out the survey by August 17th and help me make this your favorite

0:22.2

podcast ever. Find a link to the survey and all the resources you hear mentioned in the show in the show

0:27.7

notes at Your Money, Your Wealth.com. Coming up, if you had to buy and hold one stock for the rest of

0:34.0

your life, or if you had to choose one investing style and stick with it for the

0:37.9

rest of your life, what would you choose? Meb Faber from the Meb Faber Show podcast answers those

0:43.6

questions and talks about his upcoming book, The Best Investment Writing, Volume 2. Plus, we'll check

0:48.9

in with Pure Financial Advisors, Director of Research, Brian Perry, CFP, CFA for a 2018 second quarter market update.

0:56.6

Finally, Joe and Big Al talk about big changes that could be coming to our 401ks and IRAs,

1:01.8

and more possible tax cuts from the Trump administration.

1:05.1

Here to tell us all about it are Joe Anderson CFP and Big Al Clopine CPA.

1:16.6

Hey, what's this going on with the Trump administration with a new tax cut? Well, this just was announced this week that Stephen Mnuchin, our Treasury Secretary,

1:24.6

he was talking about changing the capital gain rates, Joe. And this is, the best

1:30.5

that they could figure, this would be about $100 billion tax cut, mainly to wealthy individuals,

1:36.3

because those are the ones that are buying and selling investments and capital gains. Capital

1:41.0

gain is when you have an asset outside of retirement. You buy it at one price, you sell it at a higher price, and you pay a special capital

1:48.0

gains rate.

1:49.0

And that rate depends upon your other tax bracket.

1:52.0

It could be 0%, it could be 15%, it could be 20%.

...

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