Book Bits | 29 August 2020

2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything
Mauro F. Guillen
Review via Eurasia Review
“Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” This John Steinbeck quote, featured in the concluding chapter of Mauro F. Guillen’s 2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything, is quite apt. 2030 is full of hypotheses and projections about, well, the state of the world in the year 2030. The most obvious place to start would be shifting demographics. The book spends much of its time writing about how the human population will look vastly different by 2030.

Blood and Oil: Mohammed bin Salman’s Ruthless Quest for Global Power
Bradley Hope and Justin Scheck
Summary via publisher (Hachette Books)
Blood and Oil is a gripping work of investigative journalism about one of the world’s most decisive and dangerous new leaders. Hope and Scheck show how MBS’s precipitous rise coincided with the fraying of the simple bargain that had been at the head of U.S.-Saudi relations for more than eighty years: oil in exchange for military protection. Caught in his net are well-known US bankers, Hollywood figures, and politicians, all eager to help the charming and crafty crown prince.

The IRA and Retirement Plan Owner’s Guide to Beating the New Death Tax: 6 Proven Strategies to Protect Your Family from The SECURE Act
James Lange
Summary via Amazon
The Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which became law effective January 1, 2020, contains a provision that could be financially devastating for the children and grandchildren of IRA, 401(k) and other retirement plan owners. The ticking time bomb is the provision that radically modifies the required minimum distribution (RMD) rules for Inherited IRAs and retirement accounts. Subject to some exceptions, an Inherited IRA or retirement plan will have to be distributed and taxed within 10 years of the original owner’s death. This forced income tax acceleration will decimate the savings and undermine the long-term financial plans of many hard-working retirement plan owners and their families.

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