Ganno: I look at it as like winwood had been real nice get money from my parents. It's not in my sixties or seventies when they die. It's in my twenties. And so we do that. Whatever they earn, i put in a rothara for em. If they don't touch that till 60, it'll have forty or 50 years of compounding. We pay them to be models for the blog. You can do that as well.
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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