3 ms·
30 years ago was 1991. In many ways a lot of things have changed since then but if you had put savings then into something reasonably simple like a broad-ranged
by dan-robertson 5y ago
30 years ago was 1991. In many ways a lot of things have changed since then but if you had put savings then into something reasonably simple like a broad-ranged mutual fund, or a mix of an equity and a fixed income fund, you’d basically be fine. If you had bought a big house it depends on the location. Roth IRAs haven’t been around for 30 years but even if you do have to pay tax, you still get all that compounding happening before this imagined tax. It probably wouldn’t be worse than just having a taxable account and that would be fine anyway.
One other thing to keep in mind is that older people vote more so voting populations skew a lot older than the regular population. I find it hard to imagine such people voting for anything terrible for the old.