[freespirited]

Move every dime you can into a Roth IRA.

If you make more than 100K/year you can’t do it this year, but you will be able to do it next year.

[OpusatFR]

“Move every dime you can into a Roth IRA.”

Careful FRiend. There’s stuff in the works in the House to turn “your” 401K/Roth money into a cash cow for the government.

I put the max in my 401K the first year it started, and then, they changed the rules.

It isn’t “your” money. It’s “yours” for as long as they allow it.

[I Drive Too Fast]

One of the guys I listen to on financial matters on the radio said there are 25 mistakes most investors make. One is funding a Roth IRA first instead of funding a regular one. They point out that the danger with a Roth IRA is that for now they [congress] "say" your earnings are tax free, but what is to stop them from changing this in the future or eliminating it altogether.

With a regular IRA at least you can reduce your taxable income now "assuming" they don't CHANGE" their mind on this one too.

As far as the 4% surcharge, I wonder if they forgot a zero and mean 40%?

[April Lexington]

Move every dime you can into a Roth IRA.

They have been discussing the nationalization of 401k and deferred comp plans since before the election. If you stash it all in the Roth IRA, you may wake up one day to discover that YOUR money is being used to make social security payments for someone else. NEVER trust the Federal government...and these Roth IRA accounts were enabled by Congress...

[GOPJ]

Obama’s team will be able to find a Roth...