No they don’t. Taxes will be paid over 10 years when they inherit it.

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Nov 14, 2024
4:18:49pm

Coach's Dad All-American

No they don’t. Taxes will be paid over 10 years when they inherit it.

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Coach's Dad

Bio page: Coach's Dad
Joined: Jul 29, 2003
Last login: Nov 14, 2024
Total posts: 17,598 (430 FO)

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Messages

Author

Time

Congrats Boomers- “Super Catch Up” 401k limit age 60-63 $34,750 for 2025

SwanSong

3:52pm

And we all have $34,750 lying around that we were wondering what to do with.

3:56pm

Put money in this tax deferred plan until you die soon!

NYCougz

4:00pm

Until they die in 25 yrs then kids get it for free

HeyU

4:02pm

No they don’t. Taxes will be paid over 10 years when they inherit it.

Coach's Dad

4:18pm

Only pre-tax retirement accounts not RE, Roth, or brokerage 🙂

HeyU

5:43pm

You are talking about 401k contributions so RE and brokerages aren’t relevant.

Coach's Dad

6:26pm

I’m taking what the OP was talking about which includes all

HeyU

6:34pm

You're welcome. What else can we take from you?

Hoopster

4:03pm

The leech generation

Corn

4:14pm

Excuse me.

FastForward

4:33pm

Nicely done!

PA_pete

5:14pm

My special rate was 14% in 1981. Yes we are getting taxed to death.

sfeuz

5:30pm

Classic Boomer rant

8:39pm

“My first house interest rate was 89% in 1979” but house cost $115k so……

SwanSong

8:51pm

I mean… in that scenario you’d need a salary of like $150K+ to pay the mortgage

SuperTank

8:55pm

Ow waaaah my interest rate was 13%, but my $75,000 house is now worth only a million. Cry, boomers.

9:01pm

My pension is worth less now!!!!!! 😠😡🤬 LOL. What's a pension. No one gives those out anymore.

9:05pm

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