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04-15-2021, 11:31 AM
#122
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Joined APC: May 2015
Position: A350 Both
Posts: 7,292
Originally Posted by Chakerik
Agree with the Roth...only thing that scares me is in 30, 40, 50 years if the gov decides to come for it and say "actually now its taxable " and Essentially we get double taxed down the road...
04-15-2021, 11:33 AM
#123
Gets Weekends Off
Joined APC: May 2015
Position: A350 Both
Posts: 7,292
Originally Posted by Nantonaku
I don't think even a Roth is safe from the Government anymore, I could see them coming after Roth's over a certain value.
You don't 'need' that much money
If you've never read it, try Atlas Shrugged. You can skip about 300 pages or so when John Galt goes into his soliloquy, but she knew what is coming.
04-15-2021, 12:20 PM
#125
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,191
Originally Posted by Chakerik
Agree with the Roth...only thing that scares me is in 30, 40, 50 years if the gov decides to come for it and say "actually now its taxable " and Essentially we get double taxed down the road...
If past is prologue....they changed( they being republicans/conservatives?????) the ROTH about a year and a half ago. It is not generational skipping as it was. That was 1 of the three big reasons I opted for the ROTH even though my marginal bracket was at the top. I feel that seismic shift was just the beginning. I feel the current administration will further that agenda due to philosophy or sheer need. YMMV
04-15-2021, 12:20 PM
#126
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,868
Originally Posted by JamesBond
One question. The sentence I highlighted. It might be hard for you to put yourself in the mode for this, but if you were there right now, where would you put money to reduce risk and get any kind of return? I'm just curious because I really don't think there is any place at the moment other than perhaps high dividend yielding stocks. Bonds suck... wwyd?
I have been into Reality Inc (O) for over 10 years. REIT with a current dividend yield of over 4%. They dipped with the market as a whole around 08 and last year but seem to rebound nicely. Very stable low excitement stock. They took a little hit from Covid due to the movie theater sector getting whacked but it has been coming up very steadily and I did plow a bunch of coin in at an opportune time last year. ****
Oh yeah - they pay dividends monthly.
With that said I am pretty well diversified.
**** Note - I am a pilot and have naturally made my share of ill timed trades over the years, but this one has been a winner.
Scoop
04-15-2021, 12:22 PM
#127
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,868
Originally Posted by JamesBond
I wouldn't be surprised to see them change the rules and make them taxable. It will start with a net worth test and go from there.
You don't 'need' that much money
If you've never read it, try Atlas Shrugged. You can skip about 300 pages or so when John Galt goes into his soliloquy, but she knew what is coming.
You don't 'need' that much money
If you've never read it, try Atlas Shrugged. You can skip about 300 pages or so when John Galt goes into his soliloquy, but she knew what is coming.
Scoop
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