Investing
Did You Know the Government Subsidizes Market Losses in Traditional IRA and 401K accounts?
True! Market losses aren’t all yours. The IRS subsidizes part of them.
October 28, 2022
Month: October 2022
True! Market losses aren’t all yours. The IRS subsidizes part of them.
What most people don’t realize: There are some important details about how and when these delayed credits are actually added to your benefit.
Congratulations—you’ve built up a healthy retirement nest egg, maybe even a couple million bucks in a traditional IRA. Cue the applause! No worry about tax traps now! But as you reach retirement and start thinking about how to spend it (or pass it on), Uncle Sam is waiting with a few surprise moves that could mess with your plans. These are the tax traps.
