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Strategies & Market Trends : Dividend investing for retirement
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To: Kip S who wrote (33261)12/14/2020 11:59:04 AM
From: maverick616 Recommendations

Recommended By
burlegoat
E_K_S
geoffrey Wren
inspbudget
Schnullie

and 1 more member

  Read Replies (2) of 34328
 
There was nothing inaccurate about Bob's post with respect to tax policy.

And tax policy should be important to any investor here. I don't believe for a minute that any change in taxes will impact only those making over $1 million. Most politicians lie to get elected. And yes, it is a fact that Biden has a documented history of doing so. And some people have floated a wealth tax as some people want to punish success and redistribute income. In addition, in order to pay for the things the democrats want to do, especially if they win the 2 senate seats in Georgia, they are going to need a lot of tax revenue to do so. So if one's personal retirement plan is based around dividends and capital gains and the lower tax rate on those items, one should be concerned and plan accordingly for when a change may come.

As to why to be aware - did anyone really expect to see the change in distribution period on inherited IRAs coming? That was a huge change and tax hit to those impacted by it which is why being cognizant of and planning for future tax grabs is important

Finally, I can see why the last comment Bob made may cause some people discomfort and could have been left unsaid. But let's be honest, he stated what half the country believes.
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