Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I have decided not to continue making non-deductible contributions to my IRA (not eligible for Roth). I invest in nothing but equities and am a long term buy and hold investor (primarily SPY and QQQ).

Foolish or foolish?

Doesn't it make more sense to hold the equity investments until retirement, sell periodically for income at capital gains rates versus paying ordinary income tax rates on withdrawals from an IRA on the same investments?

Especially, if Bill and Hillary aren't giving me any incentive to make the IRA contribution!

Your Foolish advice is always greatly appreciated,

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.