These sorts of things are termed “first world problems”.
These sorts of things are termed “first world problems”.
Thanks to a divorce 24 years ago and the subsequent complete loss of faith in our system, I don’t have to worry about this. ;)
My savings is not under the Fed’s radar. It’s not illegal. It’s just the type of stuff they can’t really hurt you with. Stuff like real estate (raw land).
“These sorts of things are termed “first world problems”.”
So? Seems what that phrase really says is “white people problems”. I’d rather not have “black people problems”.
Yep, my financial adviser likes to say having too much income is a problem we can all live with.
That said, you do want to minimize tax over the long haul. The article points out limits to IRA and 401K contributions. One should also be aware of the ability to roll over non-Roth to Roth for significant long term tax savings (at the expense of paying the tax now on the withdrawal from the non-Roth).
Biden has opined - there are certain categories of people who are not sophisticated enough to hire experts to help with these “problems”.
Everything we want to ‘dismiss’ in others is dubbed a ‘first world problem’.
Your child dies but a slum dweller in some hellhole had three children die so your feelings of loss don’t count? It’s stupid liberal ‘elite’ bullsh*t.