Home › Forums › Financial Markets/Economics › A heretical thought on 401k, IRA, etc. …
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August 2, 2011 at 1:24 PM #18986August 2, 2011 at 1:47 PM #714432UCGalParticipant
I think flu has been suggesting this possibility or a similar one.
The similar idea he’s suggested is that your post retirement taxable income is high enough that you pay higher taxes on the RMD of your IRA/401k than you would have at the time you were earning it. I think he’s pumping money into Roth’s for this reason.
I am crappy at prognostication. Especially when it comes to future tax policy. I’m concentrating more on how to reduce expenses in retirement (paid off mortgage, etc) so what little money I have after taxes will cover my expenses.
August 2, 2011 at 1:47 PM #714525UCGalParticipantI think flu has been suggesting this possibility or a similar one.
The similar idea he’s suggested is that your post retirement taxable income is high enough that you pay higher taxes on the RMD of your IRA/401k than you would have at the time you were earning it. I think he’s pumping money into Roth’s for this reason.
I am crappy at prognostication. Especially when it comes to future tax policy. I’m concentrating more on how to reduce expenses in retirement (paid off mortgage, etc) so what little money I have after taxes will cover my expenses.
August 2, 2011 at 1:47 PM #715126UCGalParticipantI think flu has been suggesting this possibility or a similar one.
The similar idea he’s suggested is that your post retirement taxable income is high enough that you pay higher taxes on the RMD of your IRA/401k than you would have at the time you were earning it. I think he’s pumping money into Roth’s for this reason.
I am crappy at prognostication. Especially when it comes to future tax policy. I’m concentrating more on how to reduce expenses in retirement (paid off mortgage, etc) so what little money I have after taxes will cover my expenses.
August 2, 2011 at 1:47 PM #715279UCGalParticipantI think flu has been suggesting this possibility or a similar one.
The similar idea he’s suggested is that your post retirement taxable income is high enough that you pay higher taxes on the RMD of your IRA/401k than you would have at the time you were earning it. I think he’s pumping money into Roth’s for this reason.
I am crappy at prognostication. Especially when it comes to future tax policy. I’m concentrating more on how to reduce expenses in retirement (paid off mortgage, etc) so what little money I have after taxes will cover my expenses.
August 2, 2011 at 1:47 PM #715641UCGalParticipantI think flu has been suggesting this possibility or a similar one.
The similar idea he’s suggested is that your post retirement taxable income is high enough that you pay higher taxes on the RMD of your IRA/401k than you would have at the time you were earning it. I think he’s pumping money into Roth’s for this reason.
I am crappy at prognostication. Especially when it comes to future tax policy. I’m concentrating more on how to reduce expenses in retirement (paid off mortgage, etc) so what little money I have after taxes will cover my expenses.
August 2, 2011 at 2:00 PM #714442masayakoParticipantThat’s my worry exactly. That’s why we have Roth IRAs.
August 2, 2011 at 2:00 PM #714535masayakoParticipantThat’s my worry exactly. That’s why we have Roth IRAs.
August 2, 2011 at 2:00 PM #715136masayakoParticipantThat’s my worry exactly. That’s why we have Roth IRAs.
August 2, 2011 at 2:00 PM #715289masayakoParticipantThat’s my worry exactly. That’s why we have Roth IRAs.
August 2, 2011 at 2:00 PM #715651masayakoParticipantThat’s my worry exactly. That’s why we have Roth IRAs.
August 2, 2011 at 2:46 PM #714457blahblahblahParticipantThose IRAs and 401Ks are going to look real tempting when congress has to find some money to keep current on their interest payments to the overlords. They will start slowly at first, mandating that 5% of these accounts be put into treasuries that pay some small amount of interest. Of course this will grow a little bit each year and they will also slowly increase the age at which withdrawals can be made without paying penalties.
Sound far-fetched? I bet a SUPERCONGRESS sounded like crazy conspiracy talk a month ago too. And this sort of thing will be much easier to put in place now that only 13 people need to be involved instead of 535.
August 2, 2011 at 2:46 PM #714550blahblahblahParticipantThose IRAs and 401Ks are going to look real tempting when congress has to find some money to keep current on their interest payments to the overlords. They will start slowly at first, mandating that 5% of these accounts be put into treasuries that pay some small amount of interest. Of course this will grow a little bit each year and they will also slowly increase the age at which withdrawals can be made without paying penalties.
Sound far-fetched? I bet a SUPERCONGRESS sounded like crazy conspiracy talk a month ago too. And this sort of thing will be much easier to put in place now that only 13 people need to be involved instead of 535.
August 2, 2011 at 2:46 PM #715151blahblahblahParticipantThose IRAs and 401Ks are going to look real tempting when congress has to find some money to keep current on their interest payments to the overlords. They will start slowly at first, mandating that 5% of these accounts be put into treasuries that pay some small amount of interest. Of course this will grow a little bit each year and they will also slowly increase the age at which withdrawals can be made without paying penalties.
Sound far-fetched? I bet a SUPERCONGRESS sounded like crazy conspiracy talk a month ago too. And this sort of thing will be much easier to put in place now that only 13 people need to be involved instead of 535.
August 2, 2011 at 2:46 PM #715304blahblahblahParticipantThose IRAs and 401Ks are going to look real tempting when congress has to find some money to keep current on their interest payments to the overlords. They will start slowly at first, mandating that 5% of these accounts be put into treasuries that pay some small amount of interest. Of course this will grow a little bit each year and they will also slowly increase the age at which withdrawals can be made without paying penalties.
Sound far-fetched? I bet a SUPERCONGRESS sounded like crazy conspiracy talk a month ago too. And this sort of thing will be much easier to put in place now that only 13 people need to be involved instead of 535.
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