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Message
2
Posted on 7/10/13 at 4:19 pm to jimbeam
Right. Maxing out life insurance is referred to as "The Rich Man's Roth"...obviously no tax deductions though.
ETA: Folks have had success with cattle, but it's cyclical.
ETA: Folks have had success with cattle, but it's cyclical.
This post was edited on 7/10/13 at 4:21 pm
Posted on 7/10/13 at 4:44 pm to jimbeam
quote:
b/c if you're making bank there's a good chance you can't do a roth anyway right?
you can't deduct your IRA contributions if you're making bank. you can contribute but pay taxes
ETA: that's if you're covered by a retirement plan at work
This post was edited on 7/10/13 at 4:47 pm
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