Cant Other Change Cang Affect Less People?

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If you have more than 20 million in retirement accounts, before you even apply the other required minimum distribution, you're going to have to take out the lesser of either everything that's wroth or everything over 20 million. So the good news, you're not gon t have to pay the early withdrawal penalty. But you're still gong to have totake that money out. And so the bottom line for people who are able to get really, really large retirement accounts,. you're not gong eable to do that any more. Cant other change cang affect fewer people.

There are potential big changes coming up as a new tax bill is working its way through Congress. While there are sure to be many changes to the proposed bill before it becomes law we wanted to dive into how this bill will affect the WCI community. One of the biggest impacts is that backdoor Roth IRA and mega backdoor Roth IRA accounts could be gone for good. There are proposed changes to income tax brackets and required minimum deduction rules. We look into these changes and many others that could be coming our way.

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