David Meche and Kevin Blanchard discuss the Trump tax cuts and the potential expiration of the tax cuts and jobs act in 2025. They explore the option of Roth conversions and the potential for Congress to start taxing Roths in the future. They also discuss the importance of tax planning and mitigating taxes in retirement. The conversation then shifts to the coming problem with Social Security and the potential reduction of benefits in 2035. They discuss the use of income annuities as a tool to guard against the reduction of Social Security benefits. Overall, the conversation emphasizes the need for individuals to take control of their retirement income and plan for potential changes in tax laws and Social Security benefits.
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