Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: edcosoft Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25275  
Subject: Re: Pre Tax Investing Date: 8/6/1999 5:11 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Thanks noelbaby. I didn't research that and evidently tony didn't either.
The original post said

Is their any way to invest pre tax income in a retirement
account if your employer dosen't offer a 401k

Tonyw44 seems intent on thinking I'm offering a Roth. What could be more clear. IRS gets your money temporarily with withholding and finally with your 1040. If you reduce your withholding all year in anticipation of your 1040 being lower because you'll make a IRA contribution, where is the IRS "already getting your money?"
Also, he said he has no 401k to opt to.
Since this has gone this far I PERSONALLY think he should bag the deductible IRA. Put it in a Roth. Then with MORE after tax dollars invest in a tax managed G & I S & P Index fund. Advantages: NEVER any more income tax on the earnings in the Roth, hold the TMG&I and only pay LTCG on the growth percentage of what he actually needs in retirement, get a tax-free step-up of the remainder at death. But that's not what he asked. Ed
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
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