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Technology Stocks : A Bob Brinker Fan and Critic Club
QQQ 623.93+0.3%Dec 24 4:00 PM EST
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To: Boca_PETE who wrote (90)4/16/2013 10:18:57 AM
From: Kirk ©Read Replies (1) of 123
 
It is good to see he still has a few calls worth listening to.

But when you reach age 70-1/2, you come to realized there's many more moving parts to the tax code to also beware of. The size of RMD's can throw one into higher brackets for Part B Medicare Premiums deducted from one's social security benefit checks. The increase can be quite substantial for each bracket breached.
Don't forget too that many put money into IRAs while married in middle to lower tax brackets but when they are taking it out, often one spouse dies before the others and suddenly the RMDs thrust them into higher brackets than where they were taking out. Then when they die, their kids get the money that has to be taxed and that could thrust them into higher brackets, perhaps now into the new "rich people" brackets with much higher rates and loss of deductions.

I guess my mini point is I don't see why Obama is in such a hurry to get at IRA money for the rich since it often gets taxed at higher rates as RMDs than it would if invested in index funds. Probably typical shortsightedness of the democratic party is my guess.... the idea people might actually save to become self sufficient is foreign to their thought process it seems.
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