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Politics : Formerly About Advanced Micro Devices

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To: Amy J who wrote (213540)	12/18/2004 5:40:02 PM
From: neolib	Read Replies (1) of 1576323

I once looked into buying land in Costa Rica through my IRA, but the fees were in the 3% of assets range/yr just to hold the title and do the necessary governmental reporting. A fee of 1%/yr of assets used to be quite common, but the fees are generally lower these days. I agree about the IRA's in general. I'd rather see SS left alone, with an increase allowed for IRA contributions/yr that are deductible. Anyone that contributes > xx/yr to IRA's then gets reduced SS benefits at retirement. The formula could account for contributions on a yearly basis, it does not have to be and "in" or "out" thing, but cumulative for ones career.

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