3 Hidden Threats Draining Your Retirement Savings and How to Stop Them | CTA and Inherited IRA Rules

Three massive financial shifts are hitting Americans all at once — and if you're over 50, they could seriously impact your retirement. In this episode of Dollars & Sense, Joel Garris breaks down the new IRS rules for inherited IRAs, the rising crisis of Americans draining their retirement to support family, and major updates to the Corporate Transparency Act (CTA). Whether you're retired, planning to retire, or caring for loved ones, this episode gives you the clarity you need to protect your financial future.

You’ll also hear what the latest Federal Reserve rate cut means for borrowing, savings rates, and long-term planning — and why future cuts may be harder to deliver than headlines suggest.

✨ What You’ll Learn in This Episode
🧾 Corporate Transparency Act (CTA): What’s changed — and what could come back. Joel explains why reporting requirements are suspended for most U.S. companies, why foreign entities still must comply, and why Congress must act before the law is truly “dead.”
👨‍👩‍👧 Retirement Drain Crisis: The hidden financial burden hitting millions. Learn why supporting adult children, grandkids, and aging parents is causing Americans to sacrifice retirement security — and why only 15% are willing to reduce family support.
📉 Inherited IRA Rule Changes for 2025:
Discover the new IRS enforcement rules, the 10-year withdrawal requirement, how required minimum distributions (RMDs) work for inherited accounts, and the 25% penalty waiting if you don’t comply.
💸 Federal Reserve Rate Cuts Explained:
Why the Fed delivered a third consecutive cut, how internal dissent within the Fed is growing, and what this means for borrowing costs, savings accounts, and the 2026 outlook.
🧠 What retirees should do NOW:
How to set boundaries around family financial support, how to plan tax-efficient withdrawals, and how to integrate inherited IRA distributions into your long-term retirement plan.

⏱️ Chapters
⏳ 00:00 – Intro: This Week’s 3 Big Financial Threats
🏛️ 02:05 – Corporate Transparency Act: What’s Really Going On
⚖️ 06:40 – Why CTA Enforcement Is Suspended (But Not Gone)
📉 10:22 – Fed Rate Cut Breakdown: What It Means for Retirees
💡 15:47 – Why Future Rate Cuts May Be Harder Than Expected
📜 20:05 – New IRS Rules for Inherited IRAs Explained
⏰ 24:55 – The 2025 Deadline & 25% Penalty Risk
📊 29:20 – Planning Inherited IRA Withdrawals Tax-Efficiently
👨‍👩‍👧‍👦 34:11 – The Family Support Crisis Draining Retirements
💔 38:40 – How to Set Financial Boundaries Without Guilt
🧾 43:00 – Real-Life Examples of Retirement Plans Getting Squeezed
🎯 47:10 – Key Takeaways for Protecting Your Retirement
📘 50:15 – How to Get Your FREE Book & Workbook

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💵 About Dollars & Sense: 💵
Hosted by Joel Garris, a Certified Financial Planner and Fiduciary at Nelson Financial Planning, Dollars & Sense is one of Central Florida’s longest-running radio programs and a top 25 financial planning podcast. Each week, Joel and his team provide expert insights to help you make sense of all your financial decisions.

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About Joel Garris:
Joel Garris is a Certified Financial Planner and Fiduciary at Nelson Financial Planning. He’s dedicated to providing comprehensive financial advice to help you achieve your retirement goals. With a team of expert advisors, Nelson Financial Planning is committed to delivering personalized and effective retirement and financial planning solutions.

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