In our last exciting exciting episode, you discovered how the specter of Mitt Romney’s 2012 disclosure of his $100 Million IRA still looms large over politics in 2016 with the announcement of the RISE Act Proposal, a legislative objective designed to totally cut off self-directed IRA’s at the knees.  Today, you learn exactly what the RISE Act is and why it’s the worst news for self-directed IRA investors… maybe ever.  And… oh yeah… you’ll learn about the CLEAR CONNECTION to the Trump vs Clinton presidential battle. Buckle your seatbelts, folks.  This one is going to be ugly.  This is episode #230. ------  Hello SDI Nation, welcome to the podcast of record where we help you to declare independence from Wall Street and build a financial legacy for future generations.  Today’s show notes page is at SDIRadio.com/230… write that down, because you’ll need it to reference some of the things I’ll tell you about today, that will simply leave you aghast. But first, folks, I owe it to you to make sure you know about my friends over at Fund & Grow.  These guys are absolute magicians when it comes to helping their clients acquire zero-interest lines of credit… lines of credit that are essentially just signature loans, not even secured by real estate or anything else.  Think about that, folks… what if you could finance that real estate deal using a zero percent interest loan?  It’s a game changer, and that’s exactly what my friends Ari and Mike over at Fund & Grow do.  I say they’re magicians, but in truth, they just follow a great, great process that’s very reliable.  For people with decent credit or better, it’s totally achievable to reach $250,000 in zero-interest credit… and my friends, they’ve actually generated over $2.9 million worth of that type of credit for your fellow listeners just this year alone.  So my recommendation?  Check them out, and do it now… at SDIRadio.com/credit.  Again, that’s SDIRadio.com/credit.  You’ll be glad you did. So, yesterday in Episode 229, I gave you my presumption about exactly how it is that Mitt Romney was able to build an IRA worth $100 million, totally legally.  You also learned how Romney’s success and the class envy-based reasoning of Senator Ron Wyden, Democrat from Oregon, resulted in the recent proposal of the deceptively named RISE Act – Retirement Income and Savings Enhancement Act of 2016. So what is it?  And what’s the connection to the Trum p vs Clinton battle?  Let’s dig in now. The RISE Act Proposal is the work of Ron Wyden, democrat Senator from Oregon.  It offers two mildly positive features: A very slight increase in the age where you must begin to take required minimum distributions, and Removal of the maximum age for Traditional IRA contributions Those are good things, but they’re incredibly minor in the grand scheme of things.  But there are 3 features of this proposal – “features” is the wrong word, they’re more like ASSAULTS – and they’re truly horrible… a direct attack against you as an IRA user… these assaults are designed to make sure that the IRA is less valuable in the future than it is now… and one of those assaults is designed specifically to cut the legs out from under savvy users of self-directed IRA’s who invest in real estate, private businesses or any other non-exchange-listed assets.  Let’s take a look: Assault #1 targets owners of Traditional IRAs whether self-directed or otherwise.  If Senator Wyden’s proposal becomes law, you’ll no longer have the option of converting your Traditional to a Roth.  The Roth account is in the cross hairs of the government because the Roth actually ELIMINATES tax liability rather than deferring it like the traditional IRA.  As such, Wyden proposes to eliminate your right to reduce your tax liability by converting from a al to a Roth. Assault #2 targets owners of Roth IRA’s, whether self-directed or otherwise.  If that’s you, you’ll now be subject to required minimum distributions – the dreaded RMD.  If you’re not familiar, RMD is a