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Started By
Message
re: Biden’s Tax Plan and Retirement Prep
Posted on 11/6/20 at 8:10 am to seawolf06
Posted on 11/6/20 at 8:10 am to seawolf06
Yeah I’m wondering/thinking about this moving forward
I don’t think people believed the Senate could/would actually flip. Let’s see what happens there. If it does, Biden will have little choice but to enact all of his plans. There is nothing stopping him. If it doesn’t, we’ve got a high likelihood of gridlock for 2 years at which point we’ll do it again.
I don’t think people believed the Senate could/would actually flip. Let’s see what happens there. If it does, Biden will have little choice but to enact all of his plans. There is nothing stopping him. If it doesn’t, we’ve got a high likelihood of gridlock for 2 years at which point we’ll do it again.
1
Posted on 11/6/20 at 8:35 am to jimbeam
quote:
If it does, Biden will have little choice but to enact all of his plans.
The last two presidents had 2 years of full party control and they didn't get all their plans enacted.
Even if the Senate flips, the plans enacted will be way watered down from campaign rhetoric they always have been. They always will be.
Posted on 11/6/20 at 9:59 am to DiamondDog
LINK
read that. link is within.
there will be hidden taxes like obama. obamas taxes were not supposed to affect us either but they did. While trumps helped us.
anyone thinking or believing all the BS spewed by left wing trash about economics is a drooling simpleton and did not pay attention during clinton or obama years. trump kept his word on tax and reg cuts. You think beijing biden will? he will have record regs again like his buddy obama. job killers.
read that. link is within.
there will be hidden taxes like obama. obamas taxes were not supposed to affect us either but they did. While trumps helped us.
anyone thinking or believing all the BS spewed by left wing trash about economics is a drooling simpleton and did not pay attention during clinton or obama years. trump kept his word on tax and reg cuts. You think beijing biden will? he will have record regs again like his buddy obama. job killers.
Posted on 11/6/20 at 10:15 am to JohnnyKilroy
quote:
JohnnyKilroy
hey look a drooling simpleton defending left wing trash economic plans. shocked.
if you have to resort to this wishcasting it proves you left wing idiots cut your nose to spite your face.
biden did not hide any of his radical plans in his campaign. so now you just hope GOP in senate saves you? when you are left wing trash? BWAHAHAHAHAH that is some serious cognitive dissonance! LOL
fn economic idiot....get back to your job at dunkin donuts soy boy
This post was edited on 11/6/20 at 10:17 am
Posted on 11/6/20 at 10:16 am to JohnnyKilroy
If the senate flips, pray for our country.
Posted on 11/6/20 at 10:17 am to Fat Bastard
quote:
hey look a drooling simpleton defending left wing trash economic plans. shocked.
if you have to resort to this wishcasting it proves you left wing idiots cut your nose to spite your face.
biden did not hide any of his radical plans in his campaign. so now you just hope GOP in senate saves you? when you are left wing trash? BWAHAHAHAHAH that is some serious cognitive dissonance! LOL
fn economic idiot....get back to your job at dunkin donuts soy boy
Save your seething meltdowns for the election board.
Posted on 11/6/20 at 10:18 am to MrJimBeam
quote:
If the senate flips, pray for our country.
that dumbfrick is a left wing clown who voted for radical policies but NOW wants the GOP senate to save him from BIDENS PLANS!
Posted on 11/7/20 at 1:34 pm to Fat Bastard
Regardless, retirement plans - 401k,IRA,etc - are large buckets of tax dollars waiting for the moment of withdrawal. That is when the government gets paid.
If a government wants money, its a prime target but simply changing the rules.
With that in mind, be balanced. Don’t be overweighted in qualified retirements plans. Save after tax dollars. You lose some tax benefits but gain a bit of freedom on those savings.
Don’t put your eggs in one basket.
Posted on 11/7/20 at 2:07 pm to JohnnyKilroy
quote:
Are you married and does your household make over 327k?
Yes. And I’m the only one working. That fricking baffoon Obama increased health benefits for my family to the tune of 1400 a month for less coverage.
Basically a massive tax on my family. There are more ways to take peoples money than explicitly calling it a tax. But surely you already know this.
Posted on 11/7/20 at 3:54 pm to DiamondDog
AdmittedlyI need to read up more on this.
One question off the top of my head, if I max out 401k in January and the rules change mid year, that would effect me, correct?
I guess I am asking if given everything that is going on, should I potentially rethink maxing out in January?
One question off the top of my head, if I max out 401k in January and the rules change mid year, that would effect me, correct?
I guess I am asking if given everything that is going on, should I potentially rethink maxing out in January?
Posted on 11/7/20 at 4:18 pm to cptigger
They usually change the law for the following year. So you would know ahead of time
Posted on 11/7/20 at 4:20 pm to Paul Allen
frick Dat. I’m ready to YOLO NIO weeklies and make bank , bra.
This post was edited on 11/7/20 at 4:20 pm
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