Screw your retirement
 

http://www.msn.com/en-us/money/retir...0CwO?ocid=iehp

Wow.

i hate number 2 ... i plan to retire at 35-40 and was gonig to use the Roth IRA conversion ladder to convert IRA funds to Roth funds that could be used in 5 years .... just killing things off.

I know I'm wrong to not be planning for retirement but I just don't see it being possible to in this new society. My home will be paid off, I will prob 100-150k in my 401k & possibly 100k in my IRA by then so I'm hoping between that, house paid off, social security I would be able to at least not work, maybe. But I lost my dad to cancer at 58 & it made me realize I am going to enjoy my money, my kids and worry about it later. I can't have a do over or get this time with them back. And it's not like I am going to want to do the things I do now when I'm 60.

you dont have to lead a boring life to save for retirement you just have to make smart choices about how you spend you money.

You want to know what would kill your retirement investments? Just go to a flat tax or national sales tax. No tax break for investing would decimate the stock market and destroy all the defined benefit retirement plans held by gov and many corps. Then the CEOs would actually have to earn their pay instead of using diverted govt tax revenue to enrich themselves.

Because all CEOs are evil profiteering fat cats that are overpaid and underworked. Give me a F&^king break.

You want to know what would kill your retirement investments?"

Or large swings in the stock market???

You'll have to get your own break. Removing the tax benefit for investing in the stock market would cause a large swing. That was my point.

Or find a job that is fun. If you truly love what you do there is no benefit in stopping at 40

+1

I doubt that a flat tax would discourage average people from saving, John. I do my best to save as much as I can for rainy days. However, it may encourage wealthy investors to look elsewhere to park their money. IMHO the sad part is the US Gov. takes in plenty of money but feels obligated to redistribute money as opposed to doing their “real” job of providing infrastructure, security, and education. Unfortunately, for us taxpayers, the mice are now in charge of the cheese and they are hungry.

I'm pretty sure that eliminating any tax advantages for pensions would significantly cut the amount of people investing in the market. Of course there is only one way to know, but my money is on a big dive in the market if it happened.

Having a sudden shift of money from the market could definitely have consequences for most people's retirement, but if the changes were not "over night" and properly implemented, it might work without much backlash, but this is the government we are talking about. Regardless, your point is excellent and something I had never thought about.