The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Tax Deferred Annuity right for me? Date:  4/26/2013  3:18 PM
Author:  TMFPMarti Number:  118484 of 123001

I'm 53 in a high income bracket and getting killed in taxes.

No, you're paying more than you'd like--who isn't?--but you still seem to be able to take nourishment. I comment partly because my SA side wanted out, but primarily to point out that people who are doing well financially display a tendency toward hysterical hyperbole when it comes to taxes. They too often forget the upside of paying a boatload of taxes. You're making good money! Celebrate that now and again.

Maxing out my 401k and IRA.

With today's tax law I'm not nuts about nondeductible traditional IRA contributions unless they can be used for the &quo