Mike Milligan traces how retirement tax rules have shifted from Clinton through Biden, showing why strategies from the Reagan era no longer work. He warns against ignoring these changes and urges you to update your retirement plan for 2025-2026 instead of using outdated tactics.
Chapters
tax law started changing. During the Clinton administration, Roth IRAs were introduced. We had tax rate changes during the Bush, the second Bush presidency. During Obama, net interest income was suggested, was brought out. The Tax Cuts and Jobs Act through Trump's first presidency, SECURE Act during Biden. And here we are again with the extension. See, things change. And when you cling to something that was implemented, like say when Ronald Reagan was president, It doesn't work in the world we live in today. And so those old strategies can actually cause you harm when it comes into retirement. So a set it and forget it syndrome or strategy is not how we attack retirement now in 2025, going into 2026 and beyond.