Gary S.
2008-10-15 07:20:01
One small thing I plan to do if Obama wins is switch my 401(k) contributions from Roth to traditional.
I am betting that Obama’s tax rates would be higher than tax rates in a few decades when I retire, so I would save money. But even if I’m wrong and I wouldn’t save any money, at least I would be withholding my taxes from the corrupt Obama regime.
It’s small, but it’s an easy way to help.
DISCLAIMER: As you can probably tell, I am not an economist or financial advisor. Also, I am talking about future contributions. I don’t think there is a legal tax-free way to switch existing funds from Roth to traditional or vice-versa.
