10/30/2024
Still piling money into your 401k and padding the government’s pockets? Remember, they own 20-30% of your money and have the ability to say, “Hey, hard-working American, we’re dipping deeper into your pocket.”
I’m not saying a 401k doesn’t have its place in a portfolio, but I am saying that should NOT be your sole bucket of retirement income. Especially if you believe taxes are going up! All you’re doing is kicking the can down the road because sooner or later, the Tax Collector is coming.
So if you believe taxes are going up, wouldn’t you also agree it’s better to pay taxes on the seed rather than the harvest? When we’re all in a higher tax bracket???
It’s time to change our mindset, America. We’re not driving dad’s Oldsmobile. This is 2024. There is NO chance of taxes decreasing, so either you take control… Or do nothing and let the IRS dictate your retirement.