Did you see our latest article on Forbes? Brandon Hall, Chief Operating Officer of Midland Trust, wrote an article discussing proposed bill Section 138312. The proposed legislation would not only limit your IRA from investing in private placements, but it would also force any IRA holder that is already invested in private placements to liquidate their investment, therefore causing a taxable event. This bill would affect high net worth investors and all investors regardless of their tax bracket if passed. There are still ways to stop this bill from being passed, such as writing to your local congressman telling them you oppose Section 138312 and signing a petition.
The article, “New Bill Could Throw A Monkey Wrench Into Retirement Planning,” was posted on Forbes.com on October 21, 2021.