Forums

[Greedy,Greedy,Greedy]

Originally posted by Sidd Finch
401(k)s barely scratch the surface of tax-free and tax-advantaged savings vehicles, particularly for people who can call themselves "self-employed" (e.g., partners). They can put away amounts in the six figures a year, tax-free (not just tax-deferred on the returns), plus huge amounts in a variety of plans where the returns are tax-deferred. Some of which have been rendered invulnerable because virtually every Senator or Rep owns one.

So, what you said, but much more so. Put differently, 2+.

But this will never happen under Bush -- anything that looks like a current tax increase is being rejected out-of-hand. Future tax increases (i.e., massive deficits) are okay, and as a near-40-y.o. I must express my appreciation to younger Repubs for footing that bill on my behalf.

We may need to talk. I haven't found those tax-free vehicles yet.