The Netherlands for one taxes unrealized income. In addition to a progressive tax on actual income that goes almost to 50%, the Dutch system applies a presumed return to assets and taxes that as well.
I like your thinking but have to ask why wait until 70 to get on a list(s)? If your intent is as you’ve stated I don’t see a reason to wait. (I get that you don’t expect to need it until ten years later, but that’s not a reason.)
Sorry, I answered the first question earlier but missed the second question until more readers had commented! When I was living in Italy in my 20’s I bought a classic Italian sports car. While it did get some approving looks and comments from older Italians, it didn’t get me many dates and was a maintenance hassle. Good topic Jeff.
The first thing that comes to mind, and still the top one after thinking about it for a bit: Freedom and peace of mind, purchased through monthly payments to myself over many years.
Yes! Children of Time is one of my favorite sci-fi books. I’m very much looking forward to reading the most recent in the series. I rarely buy books, and I know this one will be available digitally at the library eventually, but I may not wait…
They may. The price of success. If there were no IRA investment and gains were being taxed through a lifetime instead of deferred potentially as late as age 75, I’ll bet the total hit would be far bigger than that from IRMAA.
Comments
And in addition to innovation, my understanding is government services seem to run pretty well there too.
Post: Billionaires, taxes and you
Link to comment from May 30, 2026
The Netherlands for one taxes unrealized income. In addition to a progressive tax on actual income that goes almost to 50%, the Dutch system applies a presumed return to assets and taxes that as well.
Post: Billionaires, taxes and you
Link to comment from May 28, 2026
That Daily Ideas series is great.
Post: Adam Grossman on The Long View
Link to comment from May 27, 2026
I like your thinking but have to ask why wait until 70 to get on a list(s)? If your intent is as you’ve stated I don’t see a reason to wait. (I get that you don’t expect to need it until ten years later, but that’s not a reason.)
Post: Percentage that “age in place”
Link to comment from May 25, 2026
Sorry, I answered the first question earlier but missed the second question until more readers had commented! When I was living in Italy in my 20’s I bought a classic Italian sports car. While it did get some approving looks and comments from older Italians, it didn’t get me many dates and was a maintenance hassle. Good topic Jeff.
Post: The Art of Spending Money
Link to comment from May 18, 2026
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Post: The Art of Spending Money
Link to comment from May 18, 2026
The first thing that comes to mind, and still the top one after thinking about it for a bit: Freedom and peace of mind, purchased through monthly payments to myself over many years.
Post: The Art of Spending Money
Link to comment from May 18, 2026
I think you meant only 3k can be applied to ordinary income. There’s no such limit on how much can be carried forward.
Post: There is no such thing as a tax loophole, but here they are anyway
Link to comment from May 17, 2026
Yes! Children of Time is one of my favorite sci-fi books. I’m very much looking forward to reading the most recent in the series. I rarely buy books, and I know this one will be available digitally at the library eventually, but I may not wait…
Post: Writing a Book in Retirement: The Good, the Hard, and the Surprisingly Meaningful
Link to comment from May 17, 2026
They may. The price of success. If there were no IRA investment and gains were being taxed through a lifetime instead of deferred potentially as late as age 75, I’ll bet the total hit would be far bigger than that from IRMAA.
Post: Retirement Accounts
Link to comment from May 17, 2026