Business
CNN says Joe Biden wants to change 401(k) plans to give low-income earners a bigger tax break. That sounds good, but the change would be at the expense of couples who earn more than $80,000 a year – those people would lose a portion of their tax break. Do we need to worry about potential changes to the retirement planning rules? If so, is there anything we can do now to prepare for those changes? Congress approved more than $6 trillion in stimulus spending to help get us through the pandemic. While Uncle Sam has the authority to print more money whenever he chooses, we don’t have that option when it comes to funding our retirement. If you have a client who appears to be coming up short, what are their options? Every so often, the government puts banks through a “stress test” to make sure they can make it through severe economic downturns. An article in Forbes says we should do the same thing with our retirement portfolio. John explains why he agree's and how he can help YOU Stress Test YOUR Portfolio today ! Now more than ever, its so important to make sure you are positioned correctly with your finances. Contact John today and Stress Test YOUR Portfolio FOR FREE!