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“Fun With Annuities” The Annuity Man Podcast

Nov 30, 2021

In this episode, The Annuity Man and Bob Carlson discuss: 

  • Current taxation and retirement climate
  • Changes in Roth IRA rules
  • Strategies you can use to get around IRA changes
  • Donor-advised funds and some investment strategies


Key Takeaways: 

  • A lot of proposals are being thrown around, but the votes even out enough to not allow anything to be done yet. There are proposals that completely upend some tax or retirement strategies. 
  • Roth IRA holders are a minority in the eyes of the congress, so it’s easy for them to either make actions that make them mad or paint them as “the evil rich”. 
  • If you or your heirs take the money from your IRA, that’s taxable as ordinary income. Consider how taxes in the future can be very different from ours now. What you can do instead is take the money out of your IRA today, pay the taxes, use the after-tax amount to buy a permanent life insurance policy. 
  • A lot of people favor and back charitable giving because it helps and the tax deduction from it will not be taken away since some from charitable industries argue that some of the things they do are helping the government do its job at helping citizens. 


“I still suspect that they’re gonna come together and get some kind of tax increases in, it’s just not clear at all which ones… but the good news is that big proposals - most of them are off the table. The question now is which of the lesser proposals are gonna get through? Is it gonna be restricted to just the very wealthy or is it gonna trickle down..." —  Bob Carlson


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