Personal Finance and Investing

Wellstone ruled

(34,661 posts)

3. First of the RMD

Sat Dec 12, 2020, 01:59 PM

Dec 2020

is not required this year,which in many cases is a major plus. We usually spent our RMD's on our Kids or put into our Savings. You end up paying Taxes on it anyway.

Believe Richy Neal and a Senator Came up with that Horsesh*t idea,at least that is what the Broker came up with.

It is all about the shirking numbers of people doing Market Investing. We are presently watching our Children Struggle with issues related to having to strip their 401's because of Covid as well as Furloughs with zero unemployment bennies. The worst is,loss of Medical Insurance and not being able to gain insurance via ACA this late in the year.

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Highlight:

Congress looking to change or even abolish this key 401(k) provision [View all] question everything Dec 2020 OP

As a Broker Wellstone ruled Dec 2020 #1

When I take an RMD, I just transfer it to another "market based so called savings plan" progree Dec 2020 #2

First of the RMD Wellstone ruled Dec 2020 #3

I think its all about increasing the money doing "Market Investing" progree Dec 2020 #4

Do recall what Wellstone ruled Dec 2020 #5

I didn't realize that companies were required to offer a defined benefit plan progree Dec 2020 #6

Like most so called plans Wellstone ruled Dec 2020 #7

Companies were never required to offer a defined benefit plan. PoindexterOglethorpe Dec 2020 #8