Comments on: Beware the Trojan Horse — 401(k)’s & IRA’s — Learn Now or Pay Later http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/ Real Estate Investing through Purposeful Planning Wed, 07 Jan 2009 04:06:32 +0000 http://wordpress.org/?v=2.0.11 by: BawldGuy http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-11886 Thu, 11 Dec 2008 05:05:53 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-11886 Thanks Jon -- much appreciated. Thanks Jon — much appreciated.

]]> by: Jon Boyd http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-11885 Thu, 11 Dec 2008 04:56:23 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-11885 I've read a lot of investing articles and I was really caught off-guard by the "tax-naked" too. Good writing. Jon Boyd Ann Arbor real estate buyer's agent The Home Buyer's Agent of Ann Arbor I’ve read a lot of investing articles and I was really caught off-guard by the “tax-naked” too.

Good writing.

Jon Boyd
Ann Arbor real estate buyer’s agent
The Home Buyer’s Agent of Ann Arbor

]]> by: BawldGuy http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-7697 Sun, 06 Apr 2008 17:04:08 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-7697 Scott -- You're correct. One of it's insufficiencies is the dollar limitation per year's contribution. So many taxpayers are able to put in up to 10 times as much, but are prohibited. Also, in some of the tax free insurance vehicles, the freedom is relatively unlimited when it comes to either need or planning. Roth isn't a Trojan Horse. Scott — You’re correct. One of it’s insufficiencies is the dollar limitation per year’s contribution.

So many taxpayers are able to put in up to 10 times as much, but are prohibited. Also, in some of the tax free insurance vehicles, the freedom is relatively unlimited when it comes to either need or planning.

Roth isn’t a Trojan Horse.

]]> by: Scott Geisinger http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-7695 Sun, 06 Apr 2008 14:56:55 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-7695 Jeff this is an extremely well written article with a powerful truth. It is important to note however that the ROTH IRA gives the tax benefit on the earnings from investments and while the investor is taxed on the income they invest they are not taxed on it while drawing down during retirement . So the ROTH which allows investment now of up to $5,000 per individual or $10k per married couple is not a Trojan Horse but the real deal though admittedly insufficient. Jeff this is an extremely well written article with a powerful truth. It is important to note however that the ROTH IRA gives the tax benefit on the earnings from investments and while the investor is taxed on the income they invest they are not taxed on it while drawing down during retirement . So the ROTH which allows investment now of up to $5,000 per individual or $10k per married couple is not a Trojan Horse but the real deal though admittedly insufficient.

]]> by: Cher http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3066 Sat, 20 Oct 2007 00:46:49 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3066 Hey, Jeff, Not a bad idea...hee hee. I've got time on my hands since those property managers of yours are not needing too much supervision lately. Hey, Jeff, Not a bad idea…hee hee. I’ve got time on my hands since those property managers of yours are not needing too much supervision lately.

]]> by: Chris Lengquist http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3063 Fri, 19 Oct 2007 15:07:19 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3063 A nice article. I give it two thumbs up. A nice article. I give it two thumbs up.

]]> by: BawldGuy http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3057 Fri, 19 Oct 2007 05:00:43 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3057 One of these days, Cher, I'm gonna offer you a job. :) One of these days, Cher, I’m gonna offer you a job. :)

]]> by: Cher http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3056 Fri, 19 Oct 2007 04:50:36 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3056 I agree with Robert( and Bawldguy also encourages people to use their equity for investments). The initial thought of a bigger mortgage was difficult as I was so driven to have a free and clear mortgage. The trick is to give up the "feel good" of the moment for much more security in the future. A tall order, and many Americans have trouble with letting go of instant gratification, but it can be done with courage and holding a vision of a properous future. I agree with Robert( and Bawldguy also encourages people to use their equity for investments). The initial thought of a bigger mortgage was difficult as I was so driven to have a free and clear mortgage. The trick is to give up the “feel good” of the moment for much more security in the future. A tall order, and many Americans have trouble with letting go of instant gratification, but it can be done with courage and holding a vision of a properous future.

]]> by: Robert D. Ashby http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3049 Thu, 18 Oct 2007 17:14:57 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3049 Jeff, I am now only venturing through your blog and I must say, right on!!! Americans just seem to miss reality, even when guys like us bring it to their attention. I am curious about your views on the new Roth 401(k). I have not decided yet, but using your mortgage to fund a Roth IRA was one of the topics I have blogged about before, so this may be worthwhile also. Using a mortgage as a financial tool is something everyone needs to get a better understanding of or the majority of Americans will continue to fall short of true financial freedom. Jeff,

I am now only venturing through your blog and I must say, right on!!! Americans just seem to miss reality, even when guys like us bring it to their attention.

I am curious about your views on the new Roth 401(k). I have not decided yet, but using your mortgage to fund a Roth IRA was one of the topics I have blogged about before, so this may be worthwhile also.

Using a mortgage as a financial tool is something everyone needs to get a better understanding of or the majority of Americans will continue to fall short of true financial freedom.

]]> by: BawldGuy http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3044 Thu, 18 Oct 2007 07:35:49 +0000 http://www.bawldguy.com/beware-the-trojan-horse-401ks-iras-learn-now-or-pay-later/#comment-3044 And Cher? Thanks so much for your kind review! It means a lot coming from you. And Cher? Thanks so much for your kind review! It means a lot coming from you.

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