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Author: jjaaxx Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: No 401k at work, need other options Date: 10/22/2000 1:44 PM
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I am a 31 year old making over 100,000 a year. My company does not have a 401k. I have no write offs and I need some investment ideas. An IRA only allows you to contribute 2,000 a year, which is not enough and my ROTH IRA has an income eligibility cap. What are some other ideas.

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Author: slinkyfool Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25643 of 76237
Subject: Re: No 401k at work, need other options Date: 10/22/2000 1:47 PM
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buy a house if you don't have one...

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Author: ElSupremo Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25644 of 76237
Subject: Re: No 401k at work, need other options Date: 10/22/2000 2:11 PM
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Greetings jjaaxx,
My company does not have a 401k. I have no write offs and I need some investment ideas. An IRA only allows you to contribute 2,000 a year, which is not enough and my ROTH IRA has an income eligibility cap. What are some other ideas.

Perhaps a nice tax efficient index fund would work? See the link below, question #6 should interest you.

http://boards.fool.com/Message.asp?mid=13403173

Of course all your indexing questions are welcome on the index funds board.

http://boards.fool.com/Messages.asp?mid=13538660&bid=100111

ES

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Author: Ringfinger Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25662 of 76237
Subject: Re: No 401k at work, need other options Date: 10/23/2000 1:25 PM
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I could give you the donate to me response, but I wont.

Max out your 401k, take a Roth IRA, take one for your spouse if s/he does not work and this applies, as mentioned, tax efficient funds help, real estate.



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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25666 of 76237
Subject: Re: No 401k at work, need other options Date: 10/23/2000 2:53 PM
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Long term buy and hold, of a stock paying little
or no dividends. This has advantage even over IRAs
that you are not limited as to how long you can hold, and your heirs get a full step up to value as of the date of your death. Retirement accounts can be a means of postponing taxes; with long term buy and hold, the original income is taxed but there may never be any capital gains tax, and if there is, it can be at a reduced rate.
DELL, MSFT and INTC were great picks 10 years ago.
Now is more difficult but many possibilities come to mind, among them GE, CPN, ORCL.
Best wishes, Chris

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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 25676 of 76237
Subject: Re: No 401k at work, need other options Date: 10/23/2000 9:54 PM
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1-Long term buy and hold stock.
2-Run an annual hold (plus one day) Workshop Screen and pay the taxes (20%, but you're keeping 80% of gain).
3-Or real estate (another form of long term buy and hold) but the problem is owing taxes on a non-income producing (unless you farm it or such) entity.

JLC

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