No. of Recommendations: 48
Any dividends that may emanate out of Berkshire, even a modest 2%, will absolutely crush me in taxes. I never would have thought I’d be paying more in taxes during retirement than when I was working, paying the considerable tax on the salary I enjoyed with the airline.
I know it sucks paying taxes. I don't like them either. Does anyone?
(Actually, Warren says he enjoys paying US tax. That he wouldn't have had the same opportunities in other countries. So, the price of admission.)
Anyways, I know many retirees who would love to be in your shoes. Two pensions that seemingly cover your expenses, RMDs you won't need, a big chunk of Berkshire.
The median retirement savings for retirees is like $200k.
So, maybe it's better to pay a lot of tax, because that means you're doing well.
