Amarin Corp Plc (AMRN)

[Nukemtiltheyglow]

A new twist on RMDs (Required Minimum Distribution). A new law going into effect Secure Act 2.0

https://www.lordabbett.com/en-us/financial-advisor/insights/retirement-planning/secure-act-2-0--rmd-changes-for-2023-and-beyond.html#:~:text=Required%20minimum%20distributions%20pushed%20to,or%20after%20January%201%2C%202023.

How I plan on getting around this is quite simple; especially if one controls their own stock trading. Buy low, sell high (take profits), then buy low again and maintain the same number of shares as previous. Example; Say my IRA Rollover account is worth $500k. I have to withdraw 4% annually (RMD) beginning at age 73. 4% of $500k = $20K. No problemo... I sell 10k shares of stock in company ABC for $5 a share ($50k), buy back company ABC at $3 a share, I pocket the $20K and take my annual distribution satisfying my RMD requirements.

Of course, if I'm in Punta Cunta getting a sunburn and voting my Amarin shares against removing Per Wold Olsen then what can I say? The stock market is like fishing, one has to be patient and be smarter than the fish.