CRASH PROOF RETIREMENT SHOW: A HISTORY OF RETIREMENT ACCOUNTS

This past Saturday on The Crash Proof Retirement Show, Phil Cannella and Joann Small kicked off the Crash Proof Course on retirement accounts and IRAs.

The idea of a structured account designed to save for retirement is a relatively new one. The idea began in 1935 when President Franklin Roosevelt signed the Social Security Act into law.

“We can never insure 100% of the population against 100% of the hazards of life,” Roosevelt said on that historic day. “But we have tried to frame a law which will give some measure of protection.”

Social Security continues to be part of the nation’s retirement foundation to this day. Meanwhile, IRAs have gained in popularity since the 1970s as a primary means of saving for retirement. To that end, Phil Cannella and Joann Small welcomed another of the Philadelphia area’s foremost experts in retirement planning to The Crash Proof Retirement Show.

Jamie Hopkins, Esq., J.D., M.B.A. is an Assistant professor of Taxation at The American College in Bryn Mawr. Professor Hopkins received his J.D. from Villanova University, graduating Cum Laude and attaining the highest grades in his class in the areas of Decedents, Estates and Trusts. One highlight of his time at The American College has been the founding of the Retirement Income Certified Professional—or RICP—distinction.

“We realized that all these agents are offering to do your retirement—but there wasn’t a lot of education in the area,” said Hopkins. “So we went out and hired a lot of big-name researchers to teach on each specific area of retirement planning.”

Tune into this week’s show to hear Jamie Hopkins talk with Phil and Joann about Roth IRAs and why now is the time to convert.