/biz/ - I have 1 bitcoin sitting in a trad IRA - Business & Finance

Anonymous (ID: bvQQPwtH) Archived

I have 1 bitcoin sitting in a (...) 11/18/24(Mon)12:14:04 No.59236603

File: IMG_9297.jpg (462 KB, 1290x969)

I have 1 bitcoin sitting in a trad IRA Anonymous (ID: bvQQPwtH) 11/18/24(Mon)12:14:04 No.59236603 Archived

How fucked am I going to be in 45 years when I’m 75 and have to take out RMD’s?

Let’s say a BTC is worth 10 million in year 2070 (in 2024 dollars) and I have to take out 1/25 of this, that’s $400k of taxable income.

Anonymous (ID: e39jp6o7)
11/18/24(Mon)12:19:12 No.59236633

Anonymous (ID: e39jp6o7) 11/18/24(Mon)12:19:12 No.59236633

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81 KB JPG

>>59236603
>I have to take out 1/25 of this
Just borrow against it like the rich do and not pay any taxes, you financially illiterate retard.

Anonymous (ID: bvQQPwtH)
11/18/24(Mon)12:32:02 No.59236703

Anonymous (ID: bvQQPwtH) 11/18/24(Mon)12:32:02 No.59236703

>>59236633
Do you know what an RMD is?

Anonymous (ID: sXoX3HO7)
11/18/24(Mon)12:37:51 No.59236733

Anonymous (ID: sXoX3HO7) 11/18/24(Mon)12:37:51 No.59236733

Start moving it over to a ROTH.

Anonymous (ID: 2dXrCDoy)
11/18/24(Mon)12:58:00 No.59236827

Anonymous (ID: 2dXrCDoy) 11/18/24(Mon)12:58:00 No.59236827

>>59236603
>what happens when I need to pay taxes on my tax deferred accounts
You pay the taxes goybot

Anonymous (ID: SKfqsmCR)
11/18/24(Mon)13:13:46 No.59236916

Anonymous (ID: SKfqsmCR) 11/18/24(Mon)13:13:46 No.59236916

>>59236603
You gave 1 btc to the Traditional Irish Republican Army? That's funding terrorism, buddy.

Anonymous (ID: rpF/qhOp)
11/18/24(Mon)13:25:55 No.59236977

Anonymous (ID: rpF/qhOp) 11/18/24(Mon)13:25:55 No.59236977

>>59236916
This