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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TGPTNDR who wrote (173817)	8/14/2003 5:13:23 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1574302

TGP, I already have a 401k going. I opened an IRA account with my broker, but never got around to contributing any money into it. I guess I should, even if it means pulling some of my contribution out of the 401k. Maybe now's a good time. But I'd rather not do my trading in retirement accounts, or even invest in any other securities except mutual funds. Nor do I want to contribute too much into "do-not-touch until age 59 1/2" accounts. Tenchusatsu

To: TGPTNDR who wrote (173817)	8/14/2003 6:07:29 PM
From: i-node	Read Replies (1) \| Respond to of 1574302

And I thought you were a pretty smart fellow. At 57 I'm poking my max into the Roth every year and have been since the Roth law passed. I'm a CPA who, for years, recommended IRAs to clients because that is the traditional appropriate recommendation -- yet I refuse to contribute to them because I've ALWAYS felt I'll be in a higher tax bracket after retirement than before. While the tax-deferred earnings have value, I want my taxes paid "as I go" so that the government simply cannot have any claim to them. Financially, good or bad, what I've got is mine and will stay mine. It is obvious to me that tax rates 20 years from now are only going to be worse; I don't want to be stuck with massive liabilities then because I didn't pay now. The Roth was a good idea. They should have had it 30 years ago.