#1 - save for your retirement first. IRAs, 401ks, and taxable accounts, max out the first 2 and then start on the 3rd. Having monies being treated differently tax wise can be a good thing.

Isn't that a form of "government handout"?

Don't misconstrue the government taking less of MY earned money as a "government handout". Getting money for something you didn't do is called a handout.

Now, as far as taxes, personally I"m for a flat tax. Saving for retirement is MY responsibility, there should be no government incentive. Same for charitable contributions if you're curious.

However, if I legally take advantage of the law, its not your problem nor your business.

BTW, did you send Uncle Sam a bonus check, i.e., extra taxes beyond what the law legally called for? If no, why not? There is no law stopping you.

JLC