Thread: IRAs?
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Old 04-12-2009, 04:27 PM
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Dee8go Dee8go is offline
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Join Date: Apr 2006
Location: The People's Republic of Arlington, VA
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Quote:
Originally Posted by 280EZRider View Post
Saving $1700 is an interesting question. Assuming you don't have a Roth and you don't start taking withdrawls for some years, one has to consider how much the tax will be at withdrawl time - especially in view of the higher taxes we will all be paying to cover the current financial sector bailout.
I'd rather take the money out of one of MY pockets and put it back into another one of MY pockets, than to put so much of it in the gubmint's pocket. Presummabley, once I begin taking money out of it, I'l be in a lower tax bracket, but hopefully by then, my house will be paid for.
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