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In the early 1960s, there was a tax on excess distributions from IRAs exceeding $100,000, which Bernstein suggests could recur under a Democratic administration and would constitute confiscation of a sort.

factualpending

Speaker

William Bernstein

Evidence Quote

“in the early 1960s there was a tax on excess distribution from IRAs uh of more than $100,000...I wouldn't be surprised to see happen under a democratic Administration so that would certainly be confiscation of A Sort”

Source

4 'Deep Risks' That Could Decimate Your Portfolio | William Bernstein— David Lin
Created: 8/10/2026, 11:00:47 PM

My Notes

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