MAJOR Changes To Your Money (Roth IRAs, Tax Cuts, & US Economy)

"hard assets will go up much more in the long term as a result of all of this."

"And starting in 2026, it'll adjust for inflation each year by about $2 to 3% or so."

"But the Congressional Budget Office also estimates that up to 12 million Americans could lose access to health care because of these changes."

"And under this new bill, the benefits will now adjust more slowly for inflation."

"Now, supporters say that in the longer term, this will lower our energy prices because it will boost US production and cut back on government subsidies."

"But it also means less tax credits for things like solar panels and energy efficient upgrades, which could make those things more expensive."

"starting in 2026, this bill will get rid of the backdoor Roth IRA strategy completely."

"And a $1,000 investment, for example, at the time of your birth at an average yearly return of 8% would turn into about $4,000 by the time you turn 18. It'll turn into more than $10,000 by the age of 30 and over $148,000 by age 65."

"According to the Congressional Budget Office, the Big Beautiful bill is projected to add over $3 trillion to the national deficit over the next 10 years."

"The rich will get richer and the people without assets will most likely be left behind."