New Retirement Plan Tax Proposals, Energy Prices, and Recent Drawdowns

Two Democrats in Congress have proposed a new piece of legislation that would impact earners of more than $400,000 annually and have retirement balances over $10 million. These tax implications have some financial planners worried but it is only a proposal – and it serves as a reminder that even with all the planning, some things are uncertain due to being in the hands of politicians.

Welcome to this week’s Market Moment where Matt, John, and Isaac answer a listener’s question on the “Sell in May, go away” theory, review stock market trends like household names drawdowns, examining gas inflation and energy prices over time, and lastly tackling that proposed piece of legislation that makes Matt’s blood boil just a bit…

02:29 A listener question regarding the “Sell in May, go away” theory

06:33 Drawdowns among the big companies

17:52 Consumer spending on energy over time and gas prices adjusted for inflation

21:36 Proposed tax changes on retirement accounts for the wealthy

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