Exclusive KE Report Commentary – Mon 1 May, 2017

Tax Reform and The Impacts On Your Retirement

Anthony Saccaro, Founder and President of Providence Financial & Insurance Services provides his thoughts on the recent Trump tax plan from an economic and retirement standpoint. We discuss the deficit that is expected if the tax cuts are made and where some of the shortfall could be made up. As Anthony says there is no rule that says you have to have your money in the stock market!

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Cory Fleck
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  1. On May 1, 2017 at 10:12 am,
    OOTB Jerry says:

    Nobody knows what is going on…………..for sure.

    • On May 1, 2017 at 10:13 am,
      OOTB Jerry says:

      Might ask the Greeks how they feel about their retirement plans…….

  2. On May 1, 2017 at 10:21 am,
    Ebolan says:

    Those b@stards better not touch the deductions on 401k contributions

    • On May 1, 2017 at 10:24 am,
      OOTB Jerry says:

      if they say it out loud……it is on the agenda…….how else are they going to pay for their spending…..they never have enough.

      • On May 1, 2017 at 10:35 am,
        Ebolan says:

        Based on what Trump and Munchkin have said so far plus with this attack on deferred retirement accounts I am looking at a huge income tax increase if what these crooks are proposing gets implemented and I am already being taxed heavily. And most of the people I work with are in the same situation. Some are seriously considering retiring early.

        • On May 1, 2017 at 10:57 am,
          OOTB Jerry says:

          not a bad plan retire early……why pay more than you should just to support a bunch of retards.

          • On May 1, 2017 at 1:59 pm,
            Ebolan says:

            Go Galt. Then let’em raise the tax rate to 100%. F ’em.

    • On May 1, 2017 at 10:34 am,
      CFS says:

      The time for revolution will occur if they try to take away IRA or other nest eggs that people have saved all their working lives for.
      When I started paying social security tax, it was promised to be tax-free when you got to retirement. They lied about that.

      Playing with taxation may help, but that is just a bandaid. ALL taxation is a drag on the economy. All taxation is theft, when taken involuntarily. Some taxation is necessary to maintain a civilised society, but that is down around 5-10%.

      • On May 1, 2017 at 10:59 am,
        OOTB Jerry says:

        they have been stealing a great big chunk , since 06….with no interest on savings…..most do not see, because they never had any savings….

        • On May 1, 2017 at 11:00 am,
          OOTB Jerry says:

          IRA…..just delayed taxation…..

        • On May 1, 2017 at 7:31 pm,
          Ebolan says:

          Yup, the steaming pile known as the US government is a government of the criminals, by the criminals and for the criminals, and they will take every penny they possibly can, especially from those not even born yet.

  3. On May 1, 2017 at 10:39 am,
    CFS says:

    Epstein mornhttps://youtu.be/L2v8p5DncNQ?t=35ing TA

  4. On May 1, 2017 at 10:39 am,
    CFS says:
  5. On May 1, 2017 at 11:25 am,
    OOTB Jerry says:

    Baltimore ask for FBI help …..murder rate soaring………the land of milk and honey and freebies is taking it toll. zerohedge Food stamps and free phones are not enough, Obama needs to go and give a speech on Change and the audacity of Hope…..maybe they would give 400,000 rounds of applause …….

  6. On May 1, 2017 at 11:27 am,
    Mike Folsom says:

    Folks: Trump’s tax cuts aren’t gonna happen. It is a political disaster in the making. Mr. Saccaro’s left out a option for what Corporations will do with extra cash – that they will simply buy back more stock. Thanks Cory for pointing that out. Companies and Corporations will hire more folks when it makes economic sense to do so not just because they have extra dollars lying around. Demand drives growth not wishful thinking.

    • On May 1, 2017 at 12:39 pm,
      Ebolan says:

      Companies and Corporations will hire more folks when it makes economic sense to do so not just because they have extra dollars lying around.

      Exactly. I wish someone would tell Trump that.

  7. On May 1, 2017 at 1:08 pm,
    Markedtofuture says:

    Elite’s SDR Plan – New Life for the SDR? – Mohamed A. El-Erian

    WASHINGTON, DC – The rise of anti-globalization political movements and the threat of trade protectionism have led some people to wonder whether a stronger multilateral core for the world economy would reduce the risk of damaging fragmentation. After all, lest we forget, the current arrangements – as pressured as they are – reflected our post-World War II forebears’ strong desire to minimize the risk of “beggar-thy-neighbor” national policies, which had crippled growth, prosperity, and global stability in the 1930s.