Wealth Transfer, Collateral Damage, and New Proposed Legislation 5-11-2024

Taxes are nothing more than wealth transfers from your retirement balance sheet to the US Treasury's. Qualified plans (401Ks/IRAs) can create serious collateral damage to other elements of your retirement (social security, Medicare, and capital gains, to name a few) if not planned for properly. How newly proposed legislation could harm retirees and savers and what you can do to insulate yourself from it.