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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (5929)10/8/1997 11:39:00 AM
From: HB   of 94695
 
Haim, I don't think IRAs/401k's should be considered primarily as a safety net. For young savers, it makes sense in general to have lots of IRA assets in stocks because of the tax advantages. Of course, now is arguably a time to be less allocated to stocks for awhile. Making capital gains in an IRA account where they are not taxed, and keeping the safetynet cash in taxable accounts, seems sensible unless you think you can't resist dipping into your safety net. The nearer retirement, the less of your retirement funds should be in equities, obviously. I'm sure you've heard all this, though. Howard
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