Originally Posted by Scoop

In the end its all taxable. We have a 20+T National Debt. The Govt will take their cut either way, now or later, and we have no idea what the rates will be in the future.


Its good to have some tax deferred vehicle but its also good to have some post tax money that would be much harder for Uncle Sam to get his mitts on.


I am fine with paying taxes now on the excess and then putting it to work, under my mattress, in a jar, buying rental properties etc.


Anyone who thinks they will not be paying taxes on any of their income is being rather naive. And yes, I realize most will be making a lot less in retirement but nothing is a given especially tax rates.



Scoop

Originally Posted by Denny Crane

What did the tax rates do just recently, go up or down? I'm not against what you want. As a matter of fact I'm all for it. It's just that, currently, there is no way to do what you want in the current system and tax shelter more money. You have to work with in the system. I understand your argument but it's based on speculation that taxes will go up. They could go either way. You also have to factor in the 1.9% that Alpa takes out in dues on DPSP Cash.

I have no idea who you are and what your investing prowess is but you certainly (at least to me) come across as well versed in investing.

No, I wouldn't call them "Gods." I'd call a lot of them crooks....

At this point in my career/life all this talk is pretty much a moot point. It will not help me or hurt me all that much. Everyone will make decisions based on their own circumstances. Just don't take away opportunities that others might find enticing.

The best solution to the discussion would be a choice of where the money goes, whether it be into your paycheck or into a hybrid DB. Unfortunately that's not available.

Denny

Originally Posted by notEnuf

I've asked this several times with the same answer from financial professionals (not this board.) Either you use the roth feature of the 401k or go through the back door rollover steps, but the most you can shelter is the annual limit ($55,000 this year) each year. If you've found a way to shelter more, please share. The mega is just a large onetime transfer but the annual limit accumulation is all you get. Please prove me wrong. Please.

Originally Posted by ChecklistMonkey

What is projected going to happen to the national debt with the most recent cuts? Hint: go up. Someone is going to have to pay for it and it won't be through charity. This is especially true if we want to fund a multi-trillion dollar infrastructure bill, create a space force and give the military and massive spending raise. Taxes somewhere are going to have to increase.

Originally Posted by TurbineDriver

This x1000. If I want diversification I will just select a different investment within my 401k. Giving the company control over my money in a DB pension is certainly not increasing my diversification! It’s increasing the risk that I will lose the money altogether in a bankruptcy!

Originally Posted by JamesBond

Who on here wants the company to manage a DB? certainly not me, and I am betting Denny doesn't either

Originally Posted by tennisguru

It's a great time to buy!

Originally Posted by Denny Crane

Obviously you are correct!

I will say that I understand the argument of those that have all the facts. What I don't understand is how someone can argue against what I'm saying by using "facts" not in evidence such as the post you responded to.....

Denny

Originally Posted by TED74

A unicorn?