I saw a video where some financial guru explained that RMDs will force 70 million boomers to liquidate $90 trillion to pay the required tax.
The guru asks "who will buy all this stock?". The implication is that markets will be wrecked by this event.
I'm about 8 years out myself. I'm thinking this is bullshit. I have not given it a lot of thought but I figure i'll just move the money from my 401K, pay the tax, and continue to invest.
In the meantime I'll try to get it into a roth and also into my wife's Roth (she's younger and still working,
Being a clueless boomer, i'm probably completely misguided. Hoping you kids will cleaer it up for me.
Submitted November 25, 2023 at 10:35PM by SuddenlySilva https://ift.tt/6JLRM4O
