Biden Tax Proposal Impact on IRAs

On March 9, 2023, President Joe Biden introduced his proposed budget for fiscal year 2024. In addition to changes to corporate tax rates, like-kind exchanges, and carried interests, there are a number of IRA-related expenses There is a very small chance the budget gets passed as-is, but the provisions are worth reviewing.

On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss all the provisions related to IRAs in the president’s budget and explain what it could mean to retirement savers if it does pass.

Join us LIVE on Monday, March 13th at 3PM EDT!

Read the highlights of the proposed budget:

About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IRA Financial’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IRA Financial is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

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