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Living general
Saving for pension? - amazing power of compound interest!
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<blockquote data-quote="RockHard" data-source="post: 488073" data-attributes="member: 5772"><p>Yep, and there's no guarantees you wouldn't get screwed on a Trad IRA or 401K either. Someone will cook up a scheme for progressively taxing retirement funds, so if you save $5mil, they'll decide to give you a haircut if they need the money bad enough.</p><p></p><p>If you do have kids, it's really not a bad idea to open an IRA for your kid. And then not telling them about it until they're 35.</p></blockquote><p></p>
[QUOTE="RockHard, post: 488073, member: 5772"] Yep, and there's no guarantees you wouldn't get screwed on a Trad IRA or 401K either. Someone will cook up a scheme for progressively taxing retirement funds, so if you save $5mil, they'll decide to give you a haircut if they need the money bad enough. If you do have kids, it's really not a bad idea to open an IRA for your kid. And then not telling them about it until they're 35. [/QUOTE]
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Saving for pension? - amazing power of compound interest!
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