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If you had a million in cash today...
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coup
Posted 11/25/2022 06:58 (#9948799 - in reply to #9948772)
Subject: RE: If you had a million in cash today...


USA
Boone & Crockett - 11/25/2022 05:40

dvswia - 11/25/2022 05:31

what you should do is get busy and consider that you and your bud b/c might have this one wrong.

your "toolbox" might have a leak..
There are very, very few folks that make more in retirement than they do working, I’d be no different if tomorrow I hung up my cleats and bronzed my jock strap. The question was what would “I” do, and in my personal situation, what I outlined above for myself would be a perfect fit. I don’t foresee congress messing much with tax brackets in the timeframe I’d be utilizing. The odds are greatly in my favor I’d pay less taxes by deferral than taking income now and prepaying the tax. It’s a strategy we’re already employing, so I’m willing to take those favorable odds.



Would suggest you read this.

https://www.investopedia.com/taxes/trumps-tax-reform-plan-explained/

Trump tax deal expires in 2025. Will more than likely be enough Rinos side with the Dems to inflict more tax pain on you when new tax law is written.


Edited by coup 11/25/2022 07:08
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