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Posts: 154
hmm, if I started an IRA now,
Posted by
tRuMaN (aka Truman)
Mar 9 '10, 13:25
for 2k contribution I would get a 322 tax refund. for 4k contribution, I would get a 800 tax refund.
with no contribution i owe 178
Responses:
no guns -- nm
-
Danedukenuuk
Mar 9, 13:29
Make sure that you're eligible for a deductible contribution. If your company deposits funds for you into a retirement account/pension
-
Diva
Mar 9, 13:29
4
wha?
-
tRuMaN
Mar 9, 13:32
2
If you're not investing in a 401K and your company has no pension plan for you, then quick, hie thee to an IRA post haste! -- nm
-
Diva
Mar 9, 13:35
1
ok, good. tis what I thought. but your fancy word mumbo jumbo was confusing me -- nm
-
tRuMaN
Mar 9, 13:36
this is true. -- nm
-
decline
Mar 9, 13:29
so basically, if I deposit 4k i get roughly 1k back in savings and refund
-
tRuMaN
Mar 9, 13:29
1
plus the state refund goes from me owing $3
-
tRuMaN
Mar 9, 13:31
Instant 25% return! -- nm
-
TFox
Mar 9, 13:28
sounds like a plan. -- nm
-
decline
Mar 9, 13:27
[deleted]
1
straight up ira, but the contributions would be after tax anyway
-
tRuMaN
Mar 9, 13:28
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