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To: Jimmy The Snake
Yep, I have friends who are retired from government jobs and have very good government pensions, government supplemental healthcare in addition to Medicare, and who also get government Social Security checks. Thus, they have no concept of the workings of the private sector. And they vote Democrat.

I, On the other hand, worked hard in the private sector my entire life. I do have a pension, but not much of one. It is small. And I have had to build my own retirement by scrimping and saving and investing in several different IRA vehicles. I will work several years beyond retirement age before taking Social Security., But I’m sure the income taxes will rise under Biden. So much for working longer.

If Biden wins, what am I to do? My friends, above, will be fine. But I may be forced to sell all my stock just in order to avoid Biden’s taxes. I know he wants to double, possibly even triple, capital gains taxes. Moreover, what will my stocks be worth? A Biden presidency would send the stock market into freefall. So much for my retirement plans. At least, I will be able to count on having millions of people like me in the same boat.

19 posted on 06/28/2020 5:50:55 PM PDT by MrChips ("To wisdom belongs the apprehension of eternal things." - St. Augustine)
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To: MrChips

I am having discussions with my financial planner of what do we do to protect against a Biden win and be in a safe position before the crash


21 posted on 06/28/2020 6:06:15 PM PDT by Jimmy The Snake (Remeber)
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