ST Alpha - "I'd much rather put that 2% somewhere that I control the rules about how I access it rather than the government -- nm" (Reading a Post)

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In response to "why, at 6% he is still socking away 10%, which is advisable. " by groiny

I'd much rather put that 2% somewhere that I control the rules about how I access it rather than the government -- nm

Posted by oblique (aka kkuphal) Dec 7 '09, 14:26

(No message)

Responses:

are 401(k)s not tax-deductable? -- nm - Reagen Dec 7, 14:29 4
- there are complicated rules about withdrawing money from it. -- nm - loosilu Dec 7, 14:31
- [deleted] 2
  - and the corrallary to this is that I don't care to make bets on what my taxes are going to look like 30 years from now when I don't have to - oblique Dec 7, 14:31 1
    - iirc, my employer will match on both a Traditional or Roth 401(k) - znufrii Dec 7, 14:35
you are already putting 8% away, might as well make it the full 10% - groiny Dec 7, 14:29 3
- It's the same for 529 or any other government sponsored program. The rules can change on you and I don't care to have my money locked into someone's - oblique Dec 7, 14:30 2
  - the only reason to prefer a 401(k) is to the extent your employer matches your contributions. - znufrii Dec 7, 14:32 1
    - exactly -- nm - oblique Dec 7, 14:32
actually, it just about makes up for the increase in health insurance premiums I'm looking at for next year. -- nm - znufrii Dec 7, 14:28

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