It’s Sunday, which means...It’s recap time! This week’s theme was Biden’s tax plan impact on investors.

Here’s what I covered in each episode this week:

  • Biden’s tax plan impact on capital gains, IRA and 401k accounts, and inheritance taxes
  • Then I talked about how likely these proposals are to become law - spoiler - very likely but probably not in 2021
  • Then we looked at the overall impact of Biden’s tax plan for investors

I didn’t have time to get into the tax proposals' impact on real estate holdings, but that’s another big impact for those of you who own real estate, especially rental and investment properties.

Hopefully after listening to the One Minute Retirement Tip podcast this week, you see that there are plenty of tax changes coming down the pike - some will have little to no impact on you - and others will be pretty penalizing. So be sure to talk with your tax advisor and do any necessary planning and adjustments now, while the opportunity still exists, because the tax climate has never been better, but 2022 could look very different.

Tomorrow, we are starting a brand new theme: 2021 economic predictions. No I don’t have a crystal ball, but if you listened to the podcast back in January, I was giving away free tickets to our live virtual event with economist, John Mitchell. Really engaging and brilliant man - well, during his presentation of his forecast for the economy in 2021, I made some notes with my key takeaways and I’ll be sharing those takeaways with you next week.

Also, be sure to check out my YouTube channel - True North Retirement, where I post a new livestream every Sunday. So today at 9am Pacific, 12pm central, I’ll do a deeper dive into the theme for next week, so head on over to True North Retirement on YouTube and subscribe.

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday!

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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