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33 sats \ 6 replies \ @Undisciplined 13h \ on: Max Out Your Pension Savings, Plebs! (FT, Moira O'Neill) econ
In the US, if you have the option to invest in paper bitcoin in your retirement account, I think this strategy can make sense.
It turns out, we're allowed to withdraw "sufficiently equitable" installments with no tax penalty prior to reaching retirement age. That means you can withdraw about 1/50th of your fund as normal income every year starting in your 30's. As bitcoin appreciates, the purchasing power of those withdrawals increases.
in your 30s already?!
Yeah, that makes a huge difference.
My mafia bosses allow me to use my pretax contribution, which grow without tax btw, and withdrawal tax free for buying certified shitcoins (i.e., real estate), including financing mortgage . That makes me somewhat OK with shoving fiat in there
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I didn't say I'm in my 30's. That's just an example of how it works. It would be about 1/60th from your 20's and 1/40th from your 40's.
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Didn't mean you-you... Just that it changes the calculus a bit of you (= a person!) have access to some income stream from the locked-up funds
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I was pretty excited when I discovered this rule. It's called a Sufficiently Equitable Payment Plan.
If we're right about where bitcoin's going, then I'll have far more retirement savings than I'll need and I'd rather tap into it early to enjoy more leisure at a younger age.
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Sufficiently Equitable Payment Plan
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Yes but life in the USA/west might not be so wonderful once the petrodollar is bust.
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