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Author: stringerjj Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Deferring Taxes Date: 1/9/2001 9:07 PM
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I'm maxed out on my 401K contributions, and we put $2,000 each (my wife and I) in Roth IRAs. Is there anywhere else we can rathole some money with some tax breaks?
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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 27073 of 75383
Subject: Re: Deferring Taxes Date: 1/10/2001 5:10 AM
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I'm maxed out on my 401K contributions, and we put $2,000 each (my wife and I) in Roth IRAs. Is there anywhere else we can rathole some money with some tax breaks?

If there are stocks or tax-efficient mutual funds that you want to invest in for the long haul, the fact that the investment is in a taxable account won't necessarily mean much current tax. Capital gains are not taxed until you sell, and then at favored rates if you've held for more than a year.

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Author: UncleLee Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 27077 of 75383
Subject: Re: Deferring Taxes Date: 1/10/2001 9:41 AM
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Is there anywhere else we can rathole some money with some tax breaks?

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If your employer offers a "Cafeteria Plan," you could add pre-tax $$$ to pay for expected medical expenses and/or health insurance premiums, and child daycare costs within the calendar year.


Lee



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