The IRS Forces You to Withdraw From 401K and IRA at This Age
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TikToksilverbackgreybeard
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#1: a traditional 401k: Why? 1. I would rather pay tax on the seed than the harvest. 2. I can’t use it during my best and most productive years. 3. I am putting my faith in Wall Street. 4. Taxes will not be lower in 40 years. 5. I get penalized if I withdraw too much. 6. I want to retire on cash flow not savings. #2 a checking account: Why? 1. Pays you nothing 2. Loses to inflation. 3. Easily drained by bad habits. 4. No tax advantage. 5. I only keep enough money in my checking account to pay my
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TikTokthe_prosperityplan
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