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Pastimes : G&K Investing for Curmudgeons
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To: Apollo who wrote (20686)11/27/2002 12:01:41 PM
From: areokat  Read Replies (1) of 22706
 
From the Fool:

"Capital gains, interest, and dividends on investments in non-retirement accounts get taxed in the year you receive them. Not only does this increase your tax bill year after year, but it leaves less money behind to make more money. However, the money in a 401(k) or IRA grows tax-deferred, which means you don't pay taxes on that money until you make withdrawals in retirement."

So what am I doing wrong-my 401k has been getting smaller each year although I've been putting more in each year?

cak@owneroftheincredibleshrinkingkaccount.pov
actuallyit'sa403baccountbutwhattheheck
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