Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: wachi Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25214  
Subject: 401K or IRA Date: 11/27/2000 6:47 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I am currently contributing the max to my company 401k plan w/ the company matching 25%. I would also like to contribute to an IRA because I would like to follow the foolish four investing plan with $2000 a year. Am I allowed?

If I can't also open an IRA, would it be unwise for me to start investing in a foolish four portfolio in a taxable account? I am in an extremely high tax bracket and while I like the idea of the foolish four portfolio, I am not sure if paying taxes every year won't cut into my investment too much. If I delay paying taxes for 20 years or so until I retire, aren't I in effect borrowing/using the governments money to invest in my retirement fund?
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

The American Energy Revolution
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement