John Moore
2009-04-14 21:18:21
There is one gotcha about 401k’s…
When you take the money out, it is taxed as ordinary income, even if it grew as capital gains.
Since taxes may go up substantially in the future, IRA’s and 401k’s can be a tax trap. This is especially true if you plan to retire at a comfortable income, in the not to far distant future.
