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$3.4 million is probably much more than most will have, let alone in a tax sheltered account. It is close to what I want to have when I retire, but half of my money will be in a taxable account.
I'm retired now, with no earned income, hence no additional contributions to tax-deferred accounts. Given that 100% of my rollover IRA is invested in short and intermediate investment grade with Vanguard, plus a little in high yield, I don't have to worry about my IRA ever growing to as much as $3.4M prior to RMDs. After RMDs, I see no way the IRA will ever get close. Bottom line: I don't care whether the politicians impose this type of limit or not. It just doesn't mean much of anything in my life. Now, if the government were to go after my taxable portfolio, then that's a different matter.
Well, before this non-actionable thread gets likely locked, I'm going to put a link to Self-Directed IRA's which are an interesting vehicle one can consider:swaption wrote:I think they should call this the Romney Rule (or no, you really can't hold those private equity investments in your IRA).
On the bright side, what yield on what amount of principal would you need to equal the value of your pension year in and year out?gkaplan wrote:I guess it's canned tuna for me in retirement.
Whenever I reflect on that I give thanks for the happy consequence of something I gave very little thought to back when I signed up.
(BTW, I like my tuna with oil, not packed in water. )
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