[quote=sdrealtor][quote=Coronita]My parents got hit hard with RMD.
Their forced RMD income now is way above what they use to make during the working years.
I’ve split my annual contributions to 50% traditional 401k and 50% Roth 401k.
Then again, they could always change the rules fo Roth 401k’s too.
I don’t try to trade my 401k. Drip drip drip and forget it, maybe a semi-annual rebalance.
I’m trying to build a much larger sizable position in my after tax account, paying taxes up front. So far, it’s been ok…. I think when Biden takes over, we’re going to see a lot of tax law changes, and for practical purposes, most people here will be paying taxes up the noses in the future.
Biden’s plan is already calling for the elimination of 1031 exchanges and step-up cost basis
That is what we call a high-class problem and the spoils of the victors[/quote]
My wife keeps accusing me of bitching like a rich old guy about first world problems.
My feeling is, well, these are my problems, because im an older guy with a little money in a 1st world country, and furthermore we wouldnt be doing this well if i hadnt sweated the small stuff [that is, been such a frugal saver] over a long period of time.
And i dont feel rich.
And whats the fucking point of winning if they take big chunks of it all anyway.
But shes got a point. Sometimes i listen to myself and i want me to shut up.
If i were in the 4th world, id be mocking people bitching about their silly 3rd world problems
