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Reply to "401K account balance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]36 and 37 with $625K in Roths and another $175K in non Roths.[/quote] How did you get so much? Isn't the limit $5500k/yr?[/quote] We rolled over 401ks and paid a boatload of tax. But to never pay tax on that money again. It is literally worth millions. [/quote] At least until Congress claws that back. Which it will some day.[/quote] I hear this a lot. To change the law retroactively as to money I already paid tax would both be a taking prohibited under the 5th amendment and an possibly an ex post facto law prohibited under article 1, section. 9. [/quote] And I'm sure you're a part of a well regulated militia too.[/quote]
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