UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: TMFKeeler Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 265924  
Subject: Re: 401k Date: 8/15/1999 10:31 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Any mutual fund company should be able to set it up where money is periodically taken from your checking account. I've personally done this through Janus and American Century. A great way to save. You pay taxes on income, moving money from your checking account and buying shares in a mutual fund is not taxable. The money in the checking account is already taxed when you got it from your employer.

This would not be the same as a 401K since gains from the mutual funds would be taxable. If you did this in an IRA account then it would be equivalent. For all you need to know and more about IRAs head over to the Tax Strategies Area:

http://www.fool.com/School/Taxes/Taxes.htm

and check out this series:

http://www.fool.com/Money/AllAboutIRAs/AllAboutIRAs.htm

Patrick
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Post of the Day:
TMFDeej's CAPS Blog

Activist Investors Unlocking Value at LSB Industries?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement