Interesting discussion with my “financial” about the 3m$ cap on IRA/401Ks … …
… stupidity. Basically at that level, the poor befuddled individual is turning what could be captial gains — taxed at 15 or 20% — into ordinary income.
Not that the rich need advice from me!
But bullion — gold, silver, or even nickels — have a tendency to “disappear” off the radar.
Unfortunately, “Uncle” extracts every pound of flesh from IRAs and 401Ks.
Up to you, bit I prefer “magic”!
–30–
Reinke Faces Life 