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>>>You guys are missing the real point. You need both an IRA and a taxable account.>>>>

Gotta go with Rayvt on this one ... How do you retire at 45 if all your funds are in an IRA which you can't get for 14 1/2 years??? My brother is 52, has breeched the magic million, but won't take the 10% ding ( on top of regular income taxes). Since his marginal rate is rather *up there*, early retirement is not really a possibility since he would be taxed at super bracket rates<<<

All this points out is that you have to have good goals and objectives to get where you are going. No matter how savy or smart you are, if you are using the wrong road map, you will not get to where you want to go.

The problem is for some people, it will be too late by the time they figure it out, for others, they may never know it.

Sometimes it does help to get professional advice to look at things a little differently.

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