SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 178.360.0%Dec 15 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elroy who wrote (26695)12/5/2025 6:44:06 PM
From: Kirk ©  Read Replies (3) of 26770
 
That is no surprise. Most of the wealth is in the top 10 or 20%, not the median or average which includes all the losers who smoked pot and got drunk in high school rather than attend class and can barely hold down a job. (The smart kids smoked and got drunk after our homework was done!)

Go look at some tables of how much money is locked up in 401Ks by us boomers, especially the top 20%. I have long term subs who complain about getting tricked into putting too much into 401Ks and now the RMDs are kicking them into much higher Medicare brackets and the high taxes on withdrawals are much worse than capital gains.

You are probably too young yet... look up IRMAA surcharges for 2026 and 2025 to see what I mean. It is quite shocking the tax hits we get for being good savers.

Fortunately, I stopped putting new money into my regular IRA in 1998 when the matching stopped... and put the limit into a ROTH every year I could. Then in huge market downturns, converted some IRA to ROTH since I didn't have much capital gains to pay in those big down years.

It is a "good problem to have" but those of us who feel over taxed with no kids getting free education to benefit.... one more straw on the camel's back.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News