Last week, the House Ways and Means Committee voted for some sweeping tax law changes.

Today on Your Money, Your Wealth podcast number 344, Joan Bigel outlined the impact this proposal,

if it were to become law, would have on Roth contributions, conversions, RMDs, the Backdoor

and Megatron Roth IRA, or Megabackdoor Roth, as well as marginal and capital gains tax rates,

wash sale rules, qualify business income, like I said, sweeping changes. Plus, your

questions answered on wash sale rules, safe retirement income and withdrawal strategies,

ye old Roth conversions, including when not to do a Roth conversion, and solo 401k retirement savings for self-employed

small business types.

I'm producer Andy Last, and here with the latest tax law news are the hosts of your money,

your wealth, Joe Anderson, CFP, and Big Al Clopine CPA.

Hot off the press, Big Al, we got the vote in from the House Ways and Means Committee

and looking at some new proposals in regards to the tax.

And let's rattle some of this stuff up because, you know, our listeners' favorite strategy

is on the cutting room floor here. I mean, it could be over for

the Megatron. Some of the things that we seem to talk about on this show, whether we want to

or not, maybe axed. But it's important to say that this is a proposal that the House Ways and

Means Committee has is putting proposal that the House Ways and Means Committee has is putting forward

to the House of Representatives and later on the Senate, there will be additional changes likely.

But anyway, we want to go over what some of the changes are, at least what the proposal is,

so you can be looking out for them.

All right. Let's go back and forth.

I got 39.6 is going to be the top marginal rate for income pairs of 400, 450.

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