Econmics: The recent IRA grab

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–

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