Payne Points of Wealth

Payne Points of Wealth


Ep 34: New Tax Laws

January 16, 2020

The first year of the new decade is set up to be a busy one from a retirement planning perspective. Let’s take a look at how the SECURE Act will affect your planning and whether the major headlines of 2020 will matter to your portfolio. Full Show Notes & Resources: https://paynecm.com/new-tax-laws/ Today's Rundown:0:32 – We’re breaking down the new SECURE Act.1:16 – The first major change is your mandatory distributions move from age 70.5 to 72, which can be a big benefit.2:28 – Taxes are going to be paid by the next generation due to the Stretch IRA going away.3:24 – Retirement account contributions are going up as well.4:23 – Now there’s more opportunities to own annuities in your retirement accounts, but is that good?6:25 – The first event is the 2020 presidential election. How much should this factor into our retirement plan?8:35 – Strategists are laying out their 12-month projections for the stock market.10:08 – The concerns in the Middle East have a been a big topic of conversation to start the year.11:03 – There’s plenty of worry that Social Security is going bankrupt. Should you be?13:20 – Bob found an article about the market and the constant worry each year.16:20 – Ryan found an article on the ‘Bond King’ that feels Bernie Sanders is the biggest risk to the financial markets.