"Kurt Ullman"  wrote in message
news:kurtullman-0FF429.07205201012008{at}70-3-168-216.area5.spcsdns.net...
> In article ,
>  Josh Hill  wrote:
>
>
> As far as I know, no one has called the rich vile. No
> > one has said they hated them. And, of course, you've distorted my
> > statement by misinterpreting it: obviously, capital gains tax rates
> > benefit anyone who benefits from them, and just as obviously, that's
> > mostly the rich, who control most of the nation's wealth. I say at
> > least four because last I checked retirement accounts were tax free
> > anyway.
>
>   Depends on how much you make as to the tax status. I have passed the
> magic threshold to the rich. I don't qualify for the Roth so I have to
> use after tax dollars and will have to pay taxes on the money when I
> take it out. My only hope for redemption from a tax standpoint is that I
> have a lower income after retirement so the rate might be lower. That
> and the effects of not having the feds bleed off investments during the
> time that the money is in there, so I get to take advantage of more
> money for the compounding effect.

My congratulations on your success! :-)
Because my work has a 401(k) plan, I get no tax benefit by contrinutiong to
a regular IRA, but can still contribute to a Roth.
Last year my workplace had a Roth 401(k) as well, but we're losing that
since we wer bought by another company.
If it's any consolation, you can just create a standard investment account,
and you'll then get taxed at the long-term capital gains rates
which can be lower than the upper-level income rate.
At least from what I've read.


Dennis


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