On Thu, 24 Apr 2008 19:24:14 -0500, "Elizabeth Richardson"
<erichktn@[EMAIL PROTECTED]
> wrote:
>Well, just because the guy is published nationally, doesn't make his
opinion
>any more valid than anyone else's opinion. And, frankly, apparently he
>doesn't know too much about tax issues, because 401ks are already taxed,
and
>probably at a higher rate than they would be if the money were in a
regular,
>non-tax-deferred account. Those capital gains that are hidden in your
401k
>will be taxed as regular income. It's too easy to speculate on the Roth
>IRAs, but a more reasonable (to me) prediction is that we will no longer
be
>able to contribute to such an account, so that all retirement accounts
will
>have the same tax treatment at distribution.
My assumption is that everything I have will eventually be taxed (one
way or the other) and that I will end up with less.
Meanwhile I am content with two thoughts:
1. Regardless of how much tax I ultimately have to pay, the more I
start with (gross), the more I end with (net). So consistent with a
pleasant lifestyle now, I focus on good savings techniques (cost
control and diversity) and pay little or no mind to the tax aspect.
2. While the future tax system is unknown, I appreciate and use
whatever simple and easy op****tunities for tax deferral are available
to me today. I'll deal with tomorrow when it comes.
-HW "Skip" Weldon
Columbia, SC
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