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| Subject: Re: Deferring Taxes | Date: 1/10/2001 5:10 AM | |
| Author: TMFExRO | Number: 27073 of 84392 | |
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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. TMF ExRO Phil Marti 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.) http://www.foolmart.com/Shopping/Product_View.asp?PRODUCT_ID=MF030_02 |
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