Comments on: Money Is Fungible http://thefinancebuff.com/money-is-fungible.html like a friend telling you about money ... Fri, 10 Feb 2012 17:31:35 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: indexfundfan http://thefinancebuff.com/money-is-fungible.html#comment-3086 indexfundfan Mon, 28 Dec 2009 17:29:37 +0000 http://thefinancebuff.com/2009/12/money-is-fungible.html#comment-3086 Interesting title "Money is fungible". Unfortunately, the IRS does not understand this concept at all.. Interesting title “Money is fungible”.

Unfortunately, the IRS does not understand this concept at all..

]]> By: Wai Yip Tung http://thefinancebuff.com/money-is-fungible.html#comment-3074 Wai Yip Tung Wed, 23 Dec 2009 20:20:47 +0000 http://thefinancebuff.com/2009/12/money-is-fungible.html#comment-3074 Don't forget the contribution is tax deductible. Assume her marginal tax rate is 30%, contributing 5% will reduce her take home income by $116 a month, a negligible amount compare to her family income. For this $116 reduction she will get $433 deposit to her retirement account every month. It will be tragic for her to pass it up. This should totally be made mandatory either by the college or by some law. Don't let people make unnecessary and silly choice. Don’t forget the contribution is tax deductible. Assume her marginal tax rate is 30%, contributing 5% will reduce her take home income by $116 a month, a negligible amount compare to her family income. For this $116 reduction she will get $433 deposit to her retirement account every month. It will be tragic for her to pass it up. This should totally be made mandatory either by the college or by some law. Don’t let people make unnecessary and silly choice.

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