Washington recently passed the Inflation Reduction Act, which on the surface appears to be aimed at solving the inflation problem. But there’s much more inside the bill, including a few different items that directly impacts financial planning. We’ll break down this new legislation on the podcast and highlight other laws that might be on the way.
Here’s some of what you’ll learn on this episode:
Don’s initial thoughts on the Inflation Reduction Act and how it impacts individuals. (5:10)
Why the SALT cap was being discussed a lot in New Jersey. (7:37)
What we need to know about the SECURE Act part 2. (10:21)
Required Minimum Distribution age pushing back even more? (15:37)
How to calculate RMDs from inherited IRAs and personal accounts. (19:16)