General Discussion

I was a school teacher for 20 years. I rolled that pension onto a 503b when I joined a non profit.

I have lived frugally and will hopefully end with between 1-1.5 million when wife and I die if we don't require long term nursing care.

Giving about 20 percent to a variety of charities. The rest is split between our two kids. If it was taxed heavily would not be fair relative to how we lived.

But if I had climbed the corporate ladder and had $5 million, that should be taxed at some decent rate. Especially since most of it was put in as tax deferred money into retirement accounts or the equity build up in the house.