Wednesday, February 27, 2008
Protecting Your Retirement No Matter Who's President
No matter who's elected president, there is a good chance taxes are going up. But that doesn't mean tax-deferred accounts are a bad idea.
Lately, readers have been writing in, fretting that tax-deductible individual retirement accounts and 401(k) plans will mean huge tax bills in retirement.
But even if tax rates leap, these accounts will likely remain a great investment. My advice: Keep funding that 401(k) -- but, if you're planning a 2007 IRA contribution by the April 15 deadline, plunk it in a Roth account. Here's why.
Protecting Your Retirement No Matter Who's President
Source: Yahoo! Finance/Wall Street Journal
Lately, readers have been writing in, fretting that tax-deductible individual retirement accounts and 401(k) plans will mean huge tax bills in retirement.
But even if tax rates leap, these accounts will likely remain a great investment. My advice: Keep funding that 401(k) -- but, if you're planning a 2007 IRA contribution by the April 15 deadline, plunk it in a Roth account. Here's why.
Protecting Your Retirement No Matter Who's President
Source: Yahoo! Finance/Wall Street Journal
Permalink posted by armandn @ 8:19 AM 
 |
 |  |
  |
