Now is the time to speak up if you care about investment choice in your IRA. Our ability to invest our IRAs into real estate, LLCs, small businesses, and start-ups is at risk if the current $3.5 trillion reconciliation bill passes as drafted. This bill is over 800 pages but has two small sections targeting IRAs invested in non-publicly traded assets that should be removed. These sections crush IRA investor choice and will only force more money on Wall Street. It will also dry up the capital needed for real estate, small business, and innovating startups. This isn’t about IRAs over $10M, this is about the sections (138312 and 138314) that take away investor choice for working Americans and that tax and penalize the over one million Americans who have invested their IRAs off Wall Street. Please see my article for details and please call and write your U.S. Senators and House Representative today.
