61 Comments

1. Catherine / Solari Subscribers living in Southern Nevada:
   Hi:

   I am an economic refugee from the San Francisco Bay Area and I have been living and working in  Las Vegas since 2013 ( I saw the housing $$$ crunch coming early ) .  The move brought about many positive changes like being able to buy a home and not having sacrifice family and health in order to pay for the ever increasing cost of living. Some of the trade-offs of living here is the lack of quality food and produce (Yes, we grow great stuff in our backyard) , finding good healthcare (It’s here you just have to look) and accessing quality cultural events and museums.

   I am an interested in starting a Solari Circle for those of us that are in Southern Nevada.  It is my hope that we can share ideas and experiences that will enrich our lives here.

   I can be contacted via email at markthelocksmith@protonmail.com

   All the best.

   Mark Weiss

   PS: Catherine feel free to mention this in your podcast if you wish

   1. Mark:

      Thanks! Will do. Encourage others who want to do the same to post their contact information here.

      Catherine

   2. Will do. I will put Nevada on the consideration list for a gathering the next time I come through. Am usually there once a year. Just spent a few days in Carson City.

      1. If you’ll be driving through Southern California and we can grab a meal together, Catherine, or if you’ll be planning another get together here, please let me know!

         1. Jim:

            No plans for California. I will let you know if that changes.

            Catherine

2. Catherine / Solari Subscribers living in Southern Nevada:
   Hi:

   I am an economic refugee from the San Francisco Bay Area and I have been living and working in  Las Vegas since 2013 ( I saw the housing $$$ crunch coming early ) .  The move brought about many positive changes like being able to buy a home and not having sacrifice family and health in order to pay for the ever increasing cost of living. Some of the trade-offs of living here is the lack of quality food and produce (Yes, we grow great stuff in our backyard) , finding good healthcare (It’s here you just have to look) and accessing quality cultural events and museums.

   I am an interested in starting a Solari Circle for those of us that are in Southern Nevada.  It is my hope that we can share ideas and experiences that will enrich our lives here.

   I can be contacted via email at markthelocksmith@protonmail.com

   All the best.

   Mark Weiss

   PS: Catherine feel free to mention this in your podcast if you wish

   1. Will do. I will put Nevada on the consideration list for a gathering the next time I come through. Am usually there once a year. Just spent a few days in Carson City.

      1. If you’ll be driving through Southern California and we can grab a meal together, Catherine, or if you’ll be planning another get together here, please let me know!

         1. Jim:

            No plans for California. I will let you know if that changes.

            Catherine

3. Secure Act Strips Trillions from the middle class

   “Under the insidiously named Secure Act (Setting Every Community Up for Retirement Enhancement) the children who could previously inherit their parent’s IRA and take the Required Minimum Distribution based on their own age – effectively giving them the ability to compound that inherited IRA over their own lifetime on a tax-sheltered basis – will now be required to reduce the account to zero (yes, ZERO!) over a period of ten years. This former provision was previously known as the “Stretch IRA.” Now it’s become the “Shrink IRA.”
   In addition to wiping out one of the best chances that debt-strapped Millennials ever had to obtain a decent standard of living, the Secure Act will also involuntarily push that Millennial into a higher tax bracket in the years he is forced to take outsized distributions from a large, inherited IRA.
   For both the original owner of an IRA and the eventual beneficiary, distributions from an IRA are taxed as ordinary income. Since the Millennials will likely be in their peak earning years when their parent dies and names them a beneficiary to the IRA, that means that one-tenth of the total IRA account will have to be added to their taxable income each year or an even larger lump sum added to their income and taxed in the tenth year. No matter how you slice it, for large IRA accounts, the Millennial is bleeding wealth to taxes.”

   1. Pretty ugly. Wonder if the next step will be to force purchases of US Treasuries.

4. Secure Act Strips Trillions from the middle class

   “Under the insidiously named Secure Act (Setting Every Community Up for Retirement Enhancement) the children who could previously inherit their parent’s IRA and take the Required Minimum Distribution based on their own age – effectively giving them the ability to compound that inherited IRA over their own lifetime on a tax-sheltered basis – will now be required to reduce the account to zero (yes, ZERO!) over a period of ten years. This former provision was previously known as the “Stretch IRA.” Now it’s become the “Shrink IRA.”
   In addition to wiping out one of the best chances that debt-strapped Millennials ever had to obtain a decent standard of living, the Secure Act will also involuntarily push that Millennial into a higher tax bracket in the years he is forced to take outsized distributions from a large, inherited IRA.
   For both the original owner of an IRA and the eventual beneficiary, distributions from an IRA are taxed as ordinary income. Since the Millennials will likely be in their peak earning years when their parent dies and names them a beneficiary to the IRA, that means that one-tenth of the total IRA account will have to be added to their taxable income each year or an even larger lump sum added to their income and taxed in the tenth year. No matter how you slice it, for large IRA accounts, the Millennial is bleeding wealth to taxes.”

   1. Pretty ugly. Wonder if the next step will be to force purchases of US Treasuries.

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