Episode 35 – The $3.5T Budget Reconciliation Bill’s Impact on Retirement Savers, Financial Planners, Businesses and the Economy

In this episode, DWealthMuse host Dara Albright, and guests Matt Belcher, CEO and Co-founder of CalTier, and Jim Jones, a self-directed IRA expert who handles Platform Partnerships at Alto Ira, discuss how the $3.5 trillion Budget Reconciliation bill will impact retirement savers, portfolio construction, financial advisors, businesses and future American prosperity. Highlights include:

• The timing of the release of Peter Thiel’s $5B after-tax IRA and the House Ways and Means Committee’s tax plan;

• How Sections 138312 and 138314 of the bill could:

  • punish small IRA investors and thwart both job creation and innovation;

  • shift investment from small businesses into the Walmarts and Amazons in much the same way as the covid shutdowns shifted revenue from small businesses to the Walmarts and Amazons;

  • cause small businesses to fold and private company liquidity to dry up;

  • unwind the economic benefits of the 2012 bipartisan JOBS Act;

  • impact the accredited investor rule, Reg A+, Reg D and Reg CF;

• Why the forced IRA divestitures wouldn’t even create tax revenue;

• How a shift from Reg D to Reg A+ would ultimately affect the investment product landscape and financial advisors.