Will The SECURE Act Negatively Impact Your Finances?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 24 January 2020
⏱️ 43 minutes
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Summary
Transcript
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| 0:00.0 | Come one come all come to the tent of all answers on the Secure Act come on in |
| 0:06.4 | It's Brian Preston the money guy restoring order to your financial chaos retirement |
| 0:13.7 | Investing taxes you've got financial questions. He's got financial answers. It's Brian Preston the money guy |
| 0:22.4 | So here's what I know because we were just talking about the greatest show when was that your greatest was that like you being |
| 0:28.0 | My PT Barnum. I love it. I think it's a thing y'all should know |
| 0:33.0 | This show I was excited about doing it, but then we had a content meeting you know like don't do that show |
| 0:39.4 | Nobody wants to see that show and then here's what I love about the money guy audience |
| 0:44.7 | There is not a smarter audience out there. Y'all just I got a bunch of emails |
| 0:48.9 | We got a bunch of comments on YouTube. We got all kind of things saying hey, when you're gonna do the Secure Act |
| 0:53.9 | And I'm like those are my peeps. They want to know what's going on |
| 0:56.6 | So you pulled this thing out of the ditch where the content team allowed me to nerd out |
| 1:01.4 | So you are correct at the end of last year at the end of 2019 |
| 1:05.0 | There was some major legislation that changed things and so we've had a lot of folks asking us |
| 1:09.7 | What did it change? How does it impact me? What do I need to know? |
| 1:13.0 | So what we've tried to do is take the Secure Act take the girth of it and boil it down and give it to something that will be helpful |
| 1:19.8 | Invisible for you guys to use and know |
| 1:22.6 | So I think there's one key takeaway |
| 1:25.8 | A spoon full of sugar helps the taxes go up a spoon full of sugar helps the taxes go up too soon |
| 1:35.0 | It's very five minutes right? Yeah, we had to because here's what the guys with our government did |
| 1:39.5 | They realized that they were raising taxes say had to give us a little spoon full of sugar |
| 1:45.6 | Meaning they gave us some sweet nurse some good stuff to help this to help a little bit more digestible so it can go down |
| 1:53.4 | Well taxes are going up so let's kind of jump into this because here's the first question |
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