We all have actual money on the line in this contest. Given much thought on how best to position your IRA/401K lately? You should. There is a night vs day bet to make.
Originally Posted by Why_Yes_I_Do
IRA/401K? No. I haven't got enough in it to make much of a difference, and I won't pay tax until I take money out.
I'm doing the opposite of what you're supposed to do, selling my winners and keeping my losers. I'd rather pay 23.8% tax on long term gains this year than potentially 43.4% on them next year if Democrats control the presidency and Congress. And I'm also giving away property that's worth a lot more than I paid to family now. Biden's plans to end stepped up basis at death and drop the lifetime gift and estate tax exemption, if implemented, won't just affect the rich.
