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re: I thought taxes weren't going up- Biden eyeing 401k
Posted on 3/3/21 at 10:51 am to Y.A. Tittle
Posted on 3/3/21 at 10:51 am to Y.A. Tittle
It’s tied to the feminization of society. Professionals supporting their families actually voted for this guy who is completely adverse to them and their interests.
0
Posted on 3/3/21 at 10:53 am to lsu13lsu
quote:
The problem is too many are not using retirement accounts for retirement. They are using them for estate planning tools. I know everyone will go Reeeeeeee! When they read this but it is true.
This is a "problem" for who?
Posted on 3/3/21 at 10:54 am to thelawnwranglers
Did anyone actually read the article? This will affect very few people in this thread I would imagine.
Posted on 3/3/21 at 10:54 am to lsu13lsu
quote:
The problem is too many are not using retirement accounts for retirement. They are using them for estate planning tools.
If they’ve worked hard for 40+ years, then shouldn’t they be allowed to choose what they do with their money? They’re mostly good hard working people that likely raised hard working offspring.
Posted on 3/3/21 at 10:56 am to Y.A. Tittle
quote:
This is a "problem" for who?
A system designed to benefit retirement is being used as a system to benefit estates is going to be a problem for everyone not gaming (legally) the system for estate purposes.
This post was edited on 3/3/21 at 10:58 am
Posted on 3/3/21 at 10:57 am to Rhino5
quote:
If they’ve worked hard for 40+ years, then shouldn’t they be allowed to choose what they do with their money? They’re mostly good hard working people that likely raised hard working offspring.
I never said that. But, don't be surprised when the rules get changed because the system is supposed to benefit retirement living and not estate planning.
Posted on 3/3/21 at 10:59 am to thelawnwranglers
The way it’s described in the linked article isn’t bad. But they’ll immediately start moving the threshold down so the middle class is screwed by it.
It’s never enough for marxists.
Posted on 3/3/21 at 11:03 am to jimbeam
quote:
Did anyone actually read the article? This will affect very few people in this thread I would imagine.
It will actually benefit them. We don't have that high a concentration of 32+ on this board.
I hate this idea, though.
This post was edited on 3/3/21 at 11:05 am
Posted on 3/3/21 at 11:03 am to lsu13lsu
quote:
But, don't be surprised when the rules get changed because the system is supposed to benefit retirement living and not estate planning.
Absolutely agree. They’ll disguise so the government gets more of the money when someone passes away, rather than family.
Posted on 3/3/21 at 11:03 am to thelawnwranglers
The regulators are going to pull the rug on passive flows after fully financializing the economy 
100% something else is going on and my guess is Blackrock and Vanguard have our backs (lol) and completely own the regulator so no worries
100% something else is going on and my guess is Blackrock and Vanguard have our backs (lol) and completely own the regulator so no worries
Posted on 3/3/21 at 11:04 am to lsu13lsu
quote:
A system designed to benefit retirement is being used as a system to benefit estates is going to be a problem for everyone not gaming (legally) the system for estate purposes.
How so?
ETA, quoted your wrong post at first.
This post was edited on 3/3/21 at 11:05 am
Posted on 3/3/21 at 11:04 am to jimbeam
quote:I don't think so. This isn't as big of a deal as people on this thread are making it out to be. High earners will still easiy be able to save for their retirement if they chose to do so. The way they do it will just change.
Did anyone actually read the article? This will affect very few people in this thread I would imagine.
Posted on 3/3/21 at 11:05 am to lsu13lsu
quote:
A system designed to benefit retirement
You have identified the entire problem with out economy. The stock market is not a freaking retirement vehicle but it will be regulated as such.
Posted on 3/3/21 at 11:05 am to Y.A. Tittle
quote:
How so?
They have already changed the rules for RMDs, for instance. Now they are discouraging investment from High Earners who are more likely to be gaming system for Estate Purposes.
Posted on 3/3/21 at 11:06 am to Bayou_Tiger_225
quote:
I don't think so. This isn't as big of a deal as people on this thread are making it out to be. High earners will still easiy be able to save for their retirement if they chose to do so. The way they do it will just change.
I no longer give a 'slippery slope fallacy' benefit of the doubt to ANYTHING these people propose.
Posted on 3/3/21 at 11:07 am to lsu13lsu
quote:
They have already changed the rules for RMDs, for instance. Now they are discouraging investment from High Earners who are more likely to be gaming system for Estate Purposes.
But you are suggesting this is somehow harming anyone not doing this. How so?
Posted on 3/3/21 at 11:08 am to lsu13lsu
quote:
The problem is too many are not using retirement accounts for retirement. They are using them for estate planning tools. I know everyone will go Reeeeeeee! When they read this but it is true.
99.9% of retirement savings are by the average worker. You can't penalize 99% because of a few who are wealthy enough to take advantage.
This post was edited on 3/3/21 at 11:09 am
Posted on 3/3/21 at 11:11 am to thelawnwranglers
quote:
It really does feel like they want to discourage savings
ding ding ding
Posted on 3/3/21 at 11:11 am to SippyCup
Can someone please tell me how this will hurt a single oilfield baw making $120k, or an oilfield baw with a working wife who make $300k combined. Thanks.
This post was edited on 3/3/21 at 11:14 am
Posted on 3/3/21 at 11:12 am to Y.A. Tittle
quote:
But you are suggesting this is somehow harming anyone not doing this. How so?
It harms the system because some pay taxes in real time and some pay them way down the road and if managed appropriately pay far less. This is not a good thing for the system or fair for ones that pay in real time.
I am MAGA as hell. But, it amazes me when people scream when democrats game the voting or welfare system then game the retirment/estate system and think it is A-OK.
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