(10-27-2021, 04:56 PM)mikesez Wrote:

(10-27-2021, 04:08 PM)flsprtsgod Wrote: Lol, just wait until they start talking about all those unrealized gains in those IRAs just sitting there waiting to be milked.

I think the idea to cap the value of an IRA has more merit.  Once your IRA is over a few million dollars you should have to roll some of it into an account that isn't sheltered.  There are people with over a billion dollars in their IRAs and that's just ridiculous and corrupt.   Not saying the government should confiscate all that, but I am saying above a certain value it should become taxable.

There's caps on what you can put in, those people took significant risks to build that value and they were either really smart or got really lucky.  Good for them, keep the government hands out of it.

Edit: Also, if it's a traditional IRA and was tax free going in, it'll be taxed coming out at some point. We can't be double and triple taxing everything.

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