Phil’s Tax Hacks

Ep 141: The Enhance Your Retirement Now Act

July 7, 2022

A recent article in The Hill paints the EARN Act (Enhancing American Retirement Now), the Senate’s version of the House’s Secure Act 2.0 bill, in a negative light as primarily a tool to give a tax break to rich Americans in a way that ultimately adds to the national deficit and only circumvents problems instead of solving them. We’ll break down the article on today’s episode and share our opinion on what it gets right, and wrong…

 

Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA

 

Key points: 

1:17 – RMDs at age 75

5:34 – Additional $10,000 in savings

8:23 – Are Roth conversions are bad?

 

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