Comments on: My Senators Also Voted for the Bailout Bill http://thefinancebuff.com/my-senators-also-voted-for-the-bailout-bill.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: TFB http://thefinancebuff.com/my-senators-also-voted-for-the-bailout-bill.html#comment-997 TFB Sat, 04 Oct 2008 00:00:33 +0000 http://thefinancebuff.com/2008/10/my-senators-also-voted-for-the-bailout-bill.html#comment-997 Sammy - No, not yet. It's so hard to predict future tax rates. Even if you think taxes will have to be higher in the future, exactly when is the question. Say I'm going to retire 20 years from now. Will the tax increase kick in 2 years from now and then drop back down again 20 years from now? Or will the increase happen 17 years from now and stay high or go higher and higher for 30 years after that? Those questions are impossible to answer. For the time being, I'll take the bird-in-hand approach even if it may not prove to be optimal in retrospect. Sammy – No, not yet. It’s so hard to predict future tax rates. Even if you think taxes will have to be higher in the future, exactly when is the question. Say I’m going to retire 20 years from now. Will the tax increase kick in 2 years from now and then drop back down again 20 years from now? Or will the increase happen 17 years from now and stay high or go higher and higher for 30 years after that? Those questions are impossible to answer. For the time being, I’ll take the bird-in-hand approach even if it may not prove to be optimal in retrospect.

]]> By: Sammy http://thefinancebuff.com/my-senators-also-voted-for-the-bailout-bill.html#comment-987 Sammy Thu, 02 Oct 2008 15:31:32 +0000 http://thefinancebuff.com/2008/10/my-senators-also-voted-for-the-bailout-bill.html#comment-987 So are you rethinking whether a Roth 401k might be a better option? So are you rethinking whether a Roth 401k might be a better option?

]]> By: Andy http://thefinancebuff.com/my-senators-also-voted-for-the-bailout-bill.html#comment-985 Andy Thu, 02 Oct 2008 14:04:38 +0000 http://thefinancebuff.com/2008/10/my-senators-also-voted-for-the-bailout-bill.html#comment-985 I am in the same boat as you. As I discussed in a recent post, the short term effects of the bailout will be to probably restore some market confidnce and liquidity. However long term we continue to grow our national debt (upto $10 Trillon now), devalue our dollar and spend our future generations monies. Per a recent quote from a commenter "As a taxpayer you should be appalled. – As an investor, be relieved" Great blog you have here and adding to my RSS reader. I am in the same boat as you. As I discussed in a recent post, the short term effects of the bailout will be to probably restore some market confidnce and liquidity. However long term we continue to grow our national debt (upto $10 Trillon now), devalue our dollar and spend our future generations monies. Per a recent quote from a commenter “As a taxpayer you should be appalled. – As an investor, be relieved”

Great blog you have here and adding to my RSS reader.

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