The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Tax Deferral Ideas||Date: 8/13/2003 11:12 PM|
|Author: HunterFamily||Number: 66489 of 122006|
This is my first post here. I was curious what options some may be using to set aside money tax deferred, for either retirement, or just to shelter their money in general.
We're a one income family, maxing our 401(k) each year, and due to income limitations cannot contribute to any type of IRAs. We're contributing to a 529i plan for each of our children, since this will at least shelter interest gain. We also purchase stock each month, by whatever Tom and Dave recommend on the fooladvisor each month.
Anyway, I guess I was thinking along the lines of starting a Sch. C activity, that may qualify as an active interest, or even buying an interest in a farm (doing the bookkeeping to keep it as active interest) .... something along that idea.
I'd be interested in any comments or ideas. Thanks.
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