401K

[IVE GOTTA PACKAGE 4U]

I started at 18, waited till I was 24 to go driving, retired at 57.

Now these young kids don't want to do physical work

 

[Over70irregs]

Trust me it wasn't my dream to be unloading tractor trailers at 2:00 in the morning for the rest of my life

I got my foot in the door so I can go driving

Unfortunately that's not the case anymore

3AM for me

 

[IVE GOTTA PACKAGE 4U]

3AM for me

I can honestly say I will never unload another trailer again

 

[Over70irregs]

I can honestly say I will never unload another trailer again

Try belly of plane.

 

[IVE GOTTA PACKAGE 4U]

Try belly of plane.

I'll pass on n that also

 

[Thebrownblob]

Lots of us started Young

18 for me

 

[IVE GOTTA PACKAGE 4U]

18 for me

45 years ago?

 

[Thebrownblob]

45 years ago?

FU

 

[Over70irregs]

18 for me

20

 

[Coldworld]

New secure act for 401k's and IRA's. If I'm inheriting someone's money I have 10 years to take it out either in chunks or as a lump sum. Would I pay the same in taxes no matter what age I would be?? @IVE GOTTA PACKAGE 4U??? Spit some knowledge.

 

[IVE GOTTA PACKAGE 4U]

New secure act for 401k's and IRA's. If I'm inheriting someone's money I have 10 years to take it out either in chunks or as a lump sum. Would I pay the same in taxes no matter what age I would be?? @IVE GOTTA PACKAGE 4U??? Spit some knowledge.

Yes.
No escaping taxes

 

[Jones]

Yes.
No escaping taxes

Unless it's an inherited Roth.

 

[IVE GOTTA PACKAGE 4U]

Unless it's an inherited Roth.

I'll take one of those!

 

[Coldworld]

Yes.
No escaping taxes

It's almost a double tax situation because you have to add it to your income for the year. Once again the little guy gets ed

 

[IVE GOTTA PACKAGE 4U]

It's almost a double tax situation because you have to add it to your income for the year. Once again the little guy gets ed

That's why they did it
They got to pay off at 35 trillion dollars somehow

 

[Wally]

New secure act for 401k's and IRA's. If I'm inheriting someone's money I have 10 years to take it out either in chunks or as a lump sum. Would I pay the same in taxes no matter what age I would be?? @IVE GOTTA PACKAGE 4U??? Spit some knowledge.

Security for Uncle Sam to get those deferred taxes. They want that money from your ROTH.

 

[Next Day Err]

Security for Uncle Sam to get those deferred taxes. They want that money from your ROTH.

Uncle Sam already got the tax money if you contribute to a Roth.

 

[Over70irregs]

That's why they did it
They got to pay off at 35 trillion dollars somehow

Surely you jest

 

[IVE GOTTA PACKAGE 4U]

Surely you jest

They want that tax money as soon as possible
That's what secure act 2.0 did

 

[Over70irregs]

They want that tax money as soon as possible
That's what secure act 2.0 did

It’s a dog pony show. Makes you think your in the system so that you keep participating.