The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Retirement, college, and Obamanomics||Date: 1/1/2013 12:07 PM|
|Author: JLC||Number: 71165 of 72253|
#1 - save for your retirement first. IRAs, 401ks, and taxable accounts, max out the first 2 and then start on the 3rd. Having monies being treated differently tax wise can be a good thing.
Isn't that a form of "government handout"?
Don't misconstrue the government taking less of MY earned money as a "government handout". Getting money for something you didn't do is called a handout.
Now, as far as taxes, personally I"m for a flat tax. Saving for retirement is MY responsibility, there should be no government incentive. Same for charitable contributions if you're curious.
However, if I legally take advantage of the law, its not your problem nor your business.
BTW, did you send Uncle Sam a bonus check, i.e., extra taxes beyond what the law legally called for? If no, why not? There is no law stopping you.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|