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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (35076)	11/2/1998 12:04:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

A very great benefit of IRAs, etc. is that NO tax records need be kept on transactions within the account. That alone is worth hundreds of dollars a year--or many hours at tax time.

To: accountclosed who wrote (35076)	11/2/1998 3:14:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

AR, SI is already inhabited by too many evil spirits. -g- I disagree on the retirement accounts. They are only a good idea if the income tax rates go lower or at least remain the same. I don't see that as likely from these low levels. And without a big tax advantage, the restrictions and bookkeeping make those accounts less viable than regular accounts. Now, if your co. or some other sucker is making contributions to your 401-K or whatever, that is a different story. Most places I have worked, the co. contributed 50 pct. of what I put in. Hey, you can't beat an immmediate 50 pct. return. MB