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In your low earning years you need the cash much

Posted on: August 30, 2017 at 13:20:17 CT
Spanky KU
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more than you do later.... As a young person with low income, I would rather avoid the taxes and use the extra cash to pay off student loans, save for a home, buy a car, go on dates, etc....
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How about taxing your 401(k) up front in order to pay for - Silas MU - 8/30 12:33:19
     You mean, like a Roth IRA? nm - SparkyStalcup MU - 8/30 19:12:33
     I don't care when you tax it - Roberts MU - 8/30 13:37:03
     That's just pure stupidity, and would cause even less saving - RHAYWORTH MU - 8/30 12:58:08
          That's trumps plan not silas'* - Mo Texan MU - 8/30 14:35:16
     Sounds good. Let folks pay the capital gains rate on the - Emoji Man MSU - 8/30 12:55:39
          You don't math much then. - catbirdseat MU - 8/30 12:58:40
               i suggest being given an option. Why don't you explain the - Emoji Man MSU - 8/30 13:00:50
     If you have to ask something that clueless, you'd never get - GA Tiger MU - 8/30 12:48:56
          You speaking to congress? - catbirdseat MU - 8/30 12:50:27
               My rep hasn't called me on it yet. I'm hurt.(nm) - GA Tiger MU - 8/30 12:53:20
     Who cares? I want your Women's Footwear Update - Mizzou Lou KC - 8/30 12:42:15
          He wants to - Tigrrrr! MU - 8/30 12:45:35
               Doubt it....bet you he wouldnt mind buffing - Mizzou Lou KC - 8/30 12:51:20
     Clarify. So it becomes a Roth IRA type investment - tman KC - 8/30 12:41:40
          Correct, the cool part though - catbirdseat MU - 8/30 12:44:03
               If it grows tax free it would be abig boost to the economy - tman KC - 8/30 13:03:45
                    People would not contribute and if they did they would - catbirdseat MU - 8/30 13:13:30
                         No you are adding new parameters - tman KC - 8/30 13:50:45
     How about no more taxation. (nm) - ummmm MU - 8/30 12:41:34
     Of course that will reduce revenues on the other end because - catbirdseat MU - 8/30 12:40:39
     Sure, at that point I will pull out of my 401k except for - catbirdseat MU - 8/30 12:36:45
     RE: How about taxing your 401(k) up front in order to pay for - MOCO SON MU - 8/30 12:34:38
     No it isn't - Spanky KU - 8/30 12:34:01
          It isn't? Really? - Silas MU - 8/30 12:37:30
               It may be a wild proposal, but it will not be considered - Spanky KU - 8/30 12:40:39
                    The government already steals from us - mizzouSECedes STL - 8/30 12:42:48
                         It would be abolishing the 401k - Spanky KU - 8/30 12:44:27
                              Yea, i can't envision any reason except to get the match - catbirdseat MU - 8/30 12:48:17
                              You mean like a Roth 401k? (nm) - mizzouSECedes STL - 8/30 12:45:45
                                   No intelligent person would use a Roth 401k - Spanky KU - 8/30 13:00:05
                                        Hold on. That isn't true - tman KC - 8/30 13:09:31
                                             I disagree - Spanky KU - 8/30 13:17:21
                                             I'd suggest the Roth 401k is an outstanding savings vehicle. - Emoji Man MSU - 8/30 13:17:03
                                                  In your low earning years you need the cash much - Spanky KU - 8/30 13:20:17
                                                       No situation is the same, but if the money is available to - Emoji Man MSU - 8/30 13:29:01
                                                            What 22 year old looks at any of that? - Spanky KU - 8/30 13:30:23
                    So it is being considered? So, you lied originally? - Silas MU - 8/30 12:42:11
                         No.. It is not being considered - Spanky KU - 8/30 12:45:08
                              I have sources to the contrary. I am not the only one with - Silas MU - 8/30 12:47:06
                                   Not being considered - Spanky KU - 8/30 12:53:54
                                   Holy shyte - mizzouSECedes STL - 8/30 12:48:18
                                        PROVING every single word of my original post to be - Silas MU - 8/30 12:58:02
                                             It does no such thing. - Spanky KU - 8/30 13:00:37
                         He's not lying - mizzouSECedes STL - 8/30 12:44:28
                              He posts from a position of knowledge. - Silas MU - 8/30 12:45:50
                                   You post from a position of ignorance of the English - Spanky KU - 8/30 12:56:04
                    You do understand avoiding a fillabuster - catbirdseat MU - 8/30 12:42:02
                         Making the 401k post tax eliminates the 401k benefit - Spanky KU - 8/30 12:46:10
                              Only reason to contribute is to get the - catbirdseat MU - 8/30 12:49:20
                                   You must be a low income guy - Spanky KU - 8/30 12:55:29
                                        I know how it works dumb****e. - catbirdseat MU - 8/30 13:01:26
                                             Chill kitty cat - Spanky KU - 8/30 13:08:14
          Actually it is.(nm) - catbirdseat MU - 8/30 12:37:20




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