Quote:
Originally Posted by copyright1997reloaded
... Here we have an EO that essentially does nothing but ask that the life expectancy tables be examined and possibly extended to better reflect longevity. One might think that people here would see that as a good thing, even those of you super duper smarter than everyone else who have been able to take money out early to manage the eventual RMD considerations. But instead....
[The other part of the EO, trying to encourage 401k plans for small businesses...I would think that in normal times most people here would also think that it is a good idea. ]
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I don't think people say allowing people more flexibility in managing their retirement savings is a bad thing. Rather, the debate becomes whether taxes are needed at all, and that becomes contentious.
I am for more freedom: allowing people to access their retirement savings even earlier than 59-1/2 to accommodate ER's (and I do not mean the restrictive 72(t)). And if people want to delay and don't mind paying even more later, well, let them.
Quote:
Originally Posted by street
Two things sure in life and that is death and taxes.
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It is generally preferable to delay death for as long as possible. Of course there are exceptions.
With taxes, it depends. Paying earlier may be better than later. It's harder to compute.
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