The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/1-is-is-possible-to-place-additional-income-in-16272292.aspx

Subject:  Re: Please Help me Optimize! Date:  12/12/2001  6:42 PM
Author:  WPatch Number:  32820 of 75384

1) Is is possible to place additional income in tax-deferred vehicles? Can I put money into an educational IRA, even though I have no children (I hope to have at least a dozen in the future ;-) )

EIRA is out. You could use a 529 plan, naming yourself as beneficiary. After you have children, youo can switch beneficiaries without penalty. The proceeds from 529 plans can be used tax-free for qualified educational expenses.


Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us