Writer’s note: I was quoted and a portion of my subject matter from this article later appeared in the Wall Street Journal. Though my article is more about the psychology of taking taking “in-kind distributions” from an IRA at depressed share prices, and marrying those withdrawals to filling up lower tax brackets (24% bracket) with larger IRA distributions.
Good article lou but I’m thinking there’s not to many people that have these type of reserves.
With inflation our money becomes worth less every day spending now and buying what you need is a good idea.Those that have two million in the bank earning .05 % and inflation at 16+% and rising seems like a no brainer to start spending. Can you write about the Wall Street scam of ESG investing?
Who keeps money at banks? Treasuries, which are the safest investment in the world are paying almost 4% for less than a one-year maturity. Plus, California can't tax treasuries so there is a tax free component.
Good article lou but I’m thinking there’s not to many people that have these type of reserves.
With inflation our money becomes worth less every day spending now and buying what you need is a good idea.Those that have two million in the bank earning .05 % and inflation at 16+% and rising seems like a no brainer to start spending. Can you write about the Wall Street scam of ESG investing?
Ferg:
Who keeps money at banks? Treasuries, which are the safest investment in the world are paying almost 4% for less than a one-year maturity. Plus, California can't tax treasuries so there is a tax free component.