It’s a case of the government trying to help some people but not all. Crista goes over the proposed rules which really could be a help to the middle class. It will provide for mandatory distributions to take place at 72 years old instead of 70.5 now. But in return, inherited IRA’s will have stricter rules for distribution that will prove more costly in terms of taxes. We also talked about trade issues and where the country is heading. Communism vs. capitalism. That’s what the upcoming election is all about….(read more)
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BS – the market recovered its losses. It was not growth and the reason it crashed in December is due to the tightening policy of the FED. The maker is still in decline in May because the economy is smoke and mirrors with the FED now back on their heels with rate cuts priced in.
Kerry, hope you had a great Fathers day.