Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (172952)	2/12/2003 8:34:06 AM
From: Amy J	Respond to of 186894

Hi Lizzie, thanks for the link. I like the encouragement to save, but the plan disfavors the average clerk that doesn't have a retirement plan. The clerk only gets to save $7500 tax free savings plan while 401k contributors like us get to sock away 12,000 in addition to 7500. They should keep the retirement savings amount equal to make it fair for the average clerk, rather than preferential treatment of the higher demographics. RE: "This seems like it has the potential to give investments in growth equities the same kind of tax deferred benefits that only real estate enjoys currently. " It's a good start at encouraging people to save, but the tax savings on socking away 7,500/yr doesn't come close to cap gains tax savings on a real estate that's 600k (or maybe the limit 1m now). The plan still gives preferential treatment to buying real estate rather than saving & building investments, due to inflation. If they wanted people to save more, they would fix the formula at Freddie or Fannie that creates indentured slaves out of those that consume an annual debt of 70% of gross income. (29% credit card + 41% mortgage = 70%). Did you see this post? Message 18564808 To:Brian P. Gallagher who wrote (8819) From: Skeeter Bug Tuesday, Feb 11, 2003 11:34 AM Respond to of 8850 A proposed new Bush administration home mortgage program is designed to seek out and help households with seriously-deficient credit histories and offer them Federal Housing Administration mortgage insurance for the first time. pure genius. help people who can't manage their money buy homes at all time highs. if that isn't a recipe for disaster... i don't know what is..." =================================== Regards, Amy J