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Investing/Strategies / Retirement Investing
|Subject: Re: Deferring Taxes||Date: 1/10/2001 5:10 AM|
|Author: TMFExRO||Number: 27073 of 82259|
I'm maxed out on my 401K contributions, and we put $2,000 each (my wife and I) in Roth IRAs. Is there anywhere else we can rathole some money with some tax breaks?
If there are stocks or tax-efficient mutual funds that you want to invest in for the long haul, the fact that the investment is in a taxable account won't necessarily mean much current tax. Capital gains are not taxed until you sell, and then at favored rates if you've held for more than a year.
Hot off the press! Check out The Motley Fool Investment Tax Guide 2001. It comes complete with a money-back guarantee. (Sorry, the steak knives are extra.)
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