Potential Negative Tax legislation updates. This is a call to anybody that believes in Small Business to call their representative.

Investing in crypto, precious metals, and private placements need to stay available in the retirement codes, IRA/Roth/401k.

Find your reps, using this link

Write them, or for better results, call them. The more that help fight for our entrepreneurs the better. Even if you aren’t a business owner, we all benefit from these enterprises.

Here are your talking points:
You oppose limitations on IRA investment choice (Sections 138312 and 138314 of the House Reconciliation Bill). These under-the-radar provisions have never been publicly vetted and will have unintended and adverse impacts on you and millions of other Americans who wish to save for a secure retirement through Main Street investments.
Specifically, the legislation:
· Negatively impacts your ability to save for a secure retirement by limiting your choice and ability to diversify your retirement savings outside of the stock market.
· Will cause you significant negative financial consequences by forcing you to sell existing IRA investments at a depressed price by a publicized certain date, and also cause significant negative tax consequences (including early distribution penalties) by forcing you to distribute from your IRA any investments that you are unable to sell.
· Negatively impacts the ability of small businesses that employ everyday Americans to obtain the funding necessary to operate and grow their business and create jobs. The proposed legislation eliminates the ability of suitable investors to participate in private capital-raising transactions through their IRAs, a source of funding on which many of these small businesses rely.

Please comment below if you’re willing to heed this call to action. Let’s stand up for each other….(read more)

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