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401 k vs. U.P.S. stock
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<blockquote data-quote="1989" data-source="post: 663029" data-attributes="member: 10280"><p>AGI is your gross income minus all deductions (dependents, mortgage interest, R. E. taxes, 401K contributions, traditional IRA contributions, etc) One can easily have 25-35K in deductions without needing to contribute to a 401K. So I can make up to $95K and still bring my AGI below $67900. And I will get all that extra taxed overtime back because it will be taxed at 15%.</p><p></p><p>Now I am not saying one shouldn't save for retirement, but I do believe that a 401K should be your last vehicle to contribute to.</p><p></p><p>Do you believe the 10 and 15% tax brackets will be lower in retirement? I don't think it will be.</p></blockquote><p></p>
[QUOTE="1989, post: 663029, member: 10280"] AGI is your gross income minus all deductions (dependents, mortgage interest, R. E. taxes, 401K contributions, traditional IRA contributions, etc) One can easily have 25-35K in deductions without needing to contribute to a 401K. So I can make up to $95K and still bring my AGI below $67900. And I will get all that extra taxed overtime back because it will be taxed at 15%. Now I am not saying one shouldn't save for retirement, but I do believe that a 401K should be your last vehicle to contribute to. Do you believe the 10 and 15% tax brackets will be lower in retirement? I don't think it will be. [/QUOTE]
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401 k vs. U.P.S. stock
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