"diversify investments" Yes, definitely. In addition to all the other diversification advice you can read everywhere, you need to have three pots of savings:

"diversify investments" Yes, definitely. In addition to all the other diversification advice you can read everywhere, you need to have three pots of savings: 1) pre-tax retirement savings such as traditional 401(k) or traditional IRA 2) post-tax retirement savings such as Roth 401(k) or Roth IRA 3) normal cash and investments, outside of any sort of retirement scheme Being diversified in that fashion will give you more flexibility to react appropriately to any changes in the tax laws. And, if you can swing it, you also want some assets that aren't readily visible to the tax man. In decades past, that meant something like a Swiss bank account. Now, perhaps, it might mean something like gold coins. And there are even more exotic ways to "shelter" your assets. My father, who was displaced by WWII, stressed the value of a good education in a useful field. A malevolent government could confiscate your house and your money, but it couldn't take away what was inside your head.