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Investing/Strategies / Retirement Investing
|Subject: Re: Tax Advantages beyond IRAs?||Date: 1/16/2004 10:05 AM|
|Author: JLC||Number: 38567 of 75383|
Are annuities an idea?
Annuities are an idea, a bad idea.
The only other "tax-advantaged" account I could think of would be a Medical Savings Account. Don't know much about them so can't make much of a comment and monies taken out are limited to medical expenses.
As far as strictly saving for retirement, I would buy S&P 500 Index fund (or some other index fund) and hold for long term. As the law stands now, you would benefit from a much lower capital gains rate at time of sale.
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