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Money and Finances
Reply to "1%ers: What are you doing with your $$ before Dec 31? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous](sigh) ya know this Roth stuff is pretty basic and the kind of advice you'd read in the WSJ, Barron's, and even in the business page of the Post. That it's got some of you all wound up like its taking a suitcase of cash to the Caymans really says more about you and your financial literacy. Why do a Roth for teenagers? so they learn early about the power of saving and compounding. I wish I'd learned in my teens--i'd be much better off for it. This is not some secret club kind of sophisticated strategy--in fact my plumber is doing it for his kid who helps on the job. btw I think it's safe to assume, by now, we've driven off the OP.[/quote] Here's the point: it's called tax planning. No one's stuffing cash in suitcases as pp said. The only hysteria on this thread is coming from those who will not be asked to pay more in taxes. [/quote] +1000[/quote]
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