Nobody owes any public duty to pay more than the law demands.

— Judge Learned Hand.

This is the first post since December 18, 2020, when the Senate passed a bill that changes the financial planning opportunities for all of us Americans. Now, all of a sudden, we have no more stretch IRAs, which is very bad news for savers. But the good news is that for us youngsters–under the age of 72–we don’t have to start taking forced distributions from our retirement accounts until age 72. More on both of these major changes soon.