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General Discussion

Kid Berwyn

(21,807 posts)

7. It's a big part of how the rich get richer.

Reply to Hotler (Reply #4)

Wed Jul 16, 2025, 01:19 PM

Jul 16

The other part is they hide it from the I.R.S. offshore.

Super Rich Hide $21 Trillion Offshore, Study Says

https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/

And that was 12 years ago. Things have swung their way even more, thanks to Trump owing so much to Semion Mogilevich.

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Trump Executive Order to Help Open Up 401(k)s to Private Markets [View all] Kid Berwyn Jul 16 OP

OK with people voluntarily selecting "trump endorsed" investments in their 401Ks, if they are stupid enough to do so. Silent Type Jul 16 #1

Great suggestion! Kid Berwyn Jul 16 #2

You can bet those "private markets" will push privately held REITS and when that happens you will never in2herbs Jul 16 #3

Wow. Was he a fiduciary? harumph Jul 16 #5

He was a Certified Financial Planner (see CFPB) and he was the 2024 Forbes Best-In-State Wealth Advisors for AZ. in2herbs Jul 16 #10

Real Estate Investment Trusts Kid Berwyn Jul 16 #6

The thing to remember is that the beneficiaries of your estate have no control over these investments and may in2herbs Jul 16 #11

What will they think of next? Kid Berwyn Jul 16 #12

They're going to steal your money. nt Hotler Jul 16 #4

It's a big part of how the rich get richer. Kid Berwyn Jul 16 #7

Screw the small man with fees Johonny Jul 16 #8

It's an untapped well for the rich to take. Kid Berwyn Jul 16 #9

I have a self directed IRA SonOfNebanaube Jul 16 #13

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