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Author: MizL Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76078  
Subject: Re: IRAs - too late? Date: 2/11/2004 3:12 PM
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Thanks Paul.

You need earned income to qualify.<.i>

My income is passive so that leaves that out.

The other alternative is Long Term Buy and Hold investing. LTBH in the Foolish lingo. By selecting the right investments, you avoid income taxes while you hold the investment. You pay income taxes only when you sell (or on small dividends etc) and then only at capital gains rates.

I looked for a board like that - but there isn't one. So, what are the "right investments?" I have some stocks, and have held them for maybe a couple of years, sort of my plan for LTBH. Would those qualify?

mizl






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