Re: Tax Season 2012: Work No Longer Pays
This is not a benefit for the majority of Americans that would spend all their money on glitter ponies and hovercraft instead of investing it, if they could access it.
If I can invest a percentage of my income, pre-tax, and my employer GIVES me money, pre-tax, in my retirement plan, why wouldn't I want to take advantage of that as a portion of my investment plan? Just in CASE something horrible happens, and I have to pay a 10% penalty? That's not a certainty. I certainly would not advocate having ONLY a retirement plan as your entire investment strategy, but I think there's a lot of gray area there.
Originally posted by FreshFish
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If I can invest a percentage of my income, pre-tax, and my employer GIVES me money, pre-tax, in my retirement plan, why wouldn't I want to take advantage of that as a portion of my investment plan? Just in CASE something horrible happens, and I have to pay a 10% penalty? That's not a certainty. I certainly would not advocate having ONLY a retirement plan as your entire investment strategy, but I think there's a lot of gray area there.
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