Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (49370)	5/4/2004 1:26:03 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

Hi Taikun, Thanks for that tidbit, sad though it is. And the same people that were in power are still in power and currently using our money to buy a next term, very unlikely to be elected on a popular majority to boot. Anyway tax-sheltered accounts probably irks them even more . Likely but a shortsighted view on their part maybe.. as us boomers age the older ones now nearing 60 ??? We will be forced to roll our retirement accounts into 1) Cash and pay big tax (not likely) 2) Annuity ?? in this interest rate environment not promising 3) RRIF A retirement income fund where we can continue to grow value as in the savings plan but are required to remove a portion (effectively regular taxable income) so that the more successful will continue to pay hefty tax as if employed. Further at 85 we must collapse the remaining plan and face the tax consequences. but yes the government may go for the short term gain as likely the new PM will not likely even be alive 20 years hence.. I had large trust holdings relative to net worth but sold most except for my children (before the last spike unfortunately) actually because I have/had the same concern. So far the recent budget made no strong overt gestures against the trusts IMO but once an election is held (that is likely imminent) I am concerned a new effort from the government will materialize.