_tdudenhoeffer on Nostr: The more I run through it in my head, the higher the probability I assign to a ...
The more I run through it in my head, the higher the probability I assign to a government confiscation of some kind towards American citizen retirement accounts.
The honeypot of untaxed gains will be too tempting to pass up amongst skyrocketing debt and, what I believe, fewer and fewer nation-states and corporations to buy that debt.
Potential actions:
1. Lower the age of RMDs on pretax money
2. Increase tax rates for withdrawn pretax money (think ordinary income + 5%, for example)
3. Changing the rules on Roth distributions. Complete rug pull of the rules. Gains now taxed at x%
This is just a hunch. Not saying it’s going to happen for sure, but the probability rises every day.
It’s another reason to diversify tax buckets.
The honeypot of untaxed gains will be too tempting to pass up amongst skyrocketing debt and, what I believe, fewer and fewer nation-states and corporations to buy that debt.
Potential actions:
1. Lower the age of RMDs on pretax money
2. Increase tax rates for withdrawn pretax money (think ordinary income + 5%, for example)
3. Changing the rules on Roth distributions. Complete rug pull of the rules. Gains now taxed at x%
This is just a hunch. Not saying it’s going to happen for sure, but the probability rises every day.
It’s another reason to diversify tax buckets.