Stocks and your 401(k) may surge now that Fed rate hikes seem to be over, history shows
usatoday.com
News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
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You say in your original comment to me “the ultra wealthy would love to benefit from Roth IRAs!” Well guess what: they do and it’s often a substantial portion of their fortune.
So what is your point now?
They can still only put in $6,500 per year into the account. As I said "Rich people would LOVE to own more in the same way and pay less taxes."
This guy won the lottery. Should we kill a program that you can only put $6,500 in per year that millions of Americans use just because someone wins the lottery? If that is the route you suggest, we will have to go and kill every program that people use to invest in their future.
So they’d love to do a thing that they have all demonstrated they are perfectly capable of doing? What is even the value of such a comment?