White Coat Investor Podcast WCI #230: Congress Proposes New Tax Bill Impacting High Earners
Sep 30, 2021
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Expect Rapid Changes — Stay Informed
- Keep monitoring the bill; expect significant changes between proposal and law.
- Stay informed because details may change rapidly over the coming months.
Document Any Zero-Dollar PSLF Payments
- If loan servicers record zero-dollar payments toward PSLF during COVID, keep meticulous records and verify with another rep.
- Consolidate to avoid forbearance and preserve eligible payments for forgiveness programs.
Roll DB Assets Into Best 401(k)
- When closing a defined benefit plan, roll assets into the best quality 401(k) available to you.
- Consider fees and portability, but avoid closing plans hastily without legitimate business reasons.