Archive for January 2022
Inflation explained with wood.
Speak Out: The Government Is After Your 401(k).
“Democrats have obliquely admitted they covet Americans’ pensions. Last week, congressional Republicans told them to stay away. The shame is that they had to do anything at all. The first rumblings were heard in the 1990s, when Democrats were said to be coming after our retirement accounts. Back then, the warnings were easy to pass…Read More
Did you know the government owns a piece of your traditional 401(k) or IRA? Here’s how to get it back
While you end up paying taxes on your retirement savings one way or another, you have at least partial control over how much you pay and when that happens. If you are considering a Roth conversion to eliminate taxation on withdrawals down the road, be sure to see how the move would impact your current…Read More
The IRA is under attack thanks to Biden and Democrats’ spending plans
Some Democrats want to dismantle IRAs as we know them The Individual Retirement Account, or IRA, has been one of the great policy successes of the past half-century. Introduced in 1974 as a backstop for workers whose employer-based retirement plans were vaporizing in a terrible economy, IRAs are now held by more than one-fourth of U.S.…Read More