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Subject:  Re: Tax Advantages beyond IRAs? Date:  1/16/2004  10:05 AM
Author:  JLC Number:  38567 of 88099

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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