INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Phil DeMuth.

Phil DeMuth, Managing Director at Conservative Wealth Management, LLC, recently wrote an article for the Wall Street Journal expressing his opposition to the SECURE Act–SECURE is an acronym for Setting Every Community Up for Retirement Enhancement. They discuss DeMuth’s recent article in the Wall Street Journal.

The Secure Act would upend 20 years of retirement planning and stick it to the middle class.Like grave robbers opening King Tut’s tomb, Congress can’t wait to get its hands on America’s retirement-account assets. The House passed the Setting Every Community Up for Retirement Enhancement Act, known by the acronym Secure, in May. The vote was 417-3. The Secure Act is widely expected to pass the Senate by unanimous consent. While ostensibly helping Americans save for retirement, the bill would actually reduce the value of all retirement savings plans: individual retirement accounts, 401(k)s, Roth IRAs, the works.

The main problem with the Secure Act is that it eliminates the stretch IRA, the fixed star in the financial-planning firmament since 1999. The stretch IRA lets savers leave their retirement accounts to children, grandchildren or other...

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www.usabusinessradio.com/congress-is-coming-for-your-ira/

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