Is Roth Going to DIE?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 22 September 2021
⏱️ 44 minutes
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Summary
Transcript
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| 0:00.0 | is Roth going to die and other components of the American family's plan. |
| 0:04.8 | It's Brian Preston, the money guy, restoring order to your financial chaos, |
| 0:10.8 | retirement, investing, taxes. You've got financial questions, he's got financial answers. |
| 0:17.2 | It's Brian Preston, the money guy. |
| 0:20.8 | Yeah, Brian, this is a show. Now, look, I know this doesn't happen very often. |
| 0:24.8 | I don't know that I'm super excited about this. Well, let me rephrase. |
| 0:28.9 | I am excited about this because I'm excited because we're going to get to educate you guys on |
| 0:33.1 | some potential legislation that's coming down the pipe. But man, there are a few things in here |
| 0:37.7 | that are going to hit some of our financial mutants, brother. Yeah, you guys know, we don't do politics, |
| 0:44.2 | but it is one of those things where when tax policy swerves into our lane, we have to cover it. |
| 0:48.9 | So you guys know, how is this going to impact your savings, your investments? |
| 0:54.4 | And I will tell you this legislation definitely impacts financial mutants because what we tell you |
| 0:59.6 | to do all the time is if you pay attention to what we teach, your money is going to go four to 10% |
| 1:06.7 | greater than your peers, just because you're going to be better with it. And I got to tell you, |
| 1:10.4 | somebody out there on the audience, you shared our secrets. I mean, it is, it's kind of sad to me |
| 1:17.5 | because I felt the same way. Somebody knew enough about financial planning that they're like, |
| 1:23.4 | hey, when we're crafting this thing, it's such a small subsection of the people who use the tax code, |
| 1:28.4 | but let's get them. I think they said, hey, you go check the money guys show for these secret |
| 1:32.4 | strategies of the wealthy and we're going to start just asking some of that stuff. |
| 1:35.6 | So let's jump into this thing. I kind of like to talk about some of the key components of the |
| 1:39.7 | legislation. Then is the headline that we put up there? I want to go deeper into retirement accounts, |
| 1:45.6 | specifically Roth because I think a lot of people are curious. Does this mean Roth IRAs, |
... |
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