News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.

And that could be a boon for the stock market and your 401(k).

    • @bloup
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      18 months ago

      Have you ever heard of the backdoor Roth?

      • BolexForSoup
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        8 months ago

        Yes. It’s a taxable event that also counts as income which could lead to even higher tax rates for you. It’s distinct from straight up contributing to one as intended and is a separate issue IMO.

        • @bloup
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          8 months ago

          excuse me but I did not say that the ultra wealthy use Roth IRAs to successfully avoid 100% of taxes. Only that the ultra wealthy keep significant amounts of assets in Roth IRAs. You told me that you didn’t believe me because there are income limits. So I told you about a longstanding strategy precisely designed to get around those very income limits. Yes, there is some up front tax, but it really is a small price to pay.

          So what is there to dispute now if we both agree that it’s relatively easy for the ultra wealthy to get around the income limits of Roth IRAs.