Quote:
Originally posted by Superman
I feel like Turbo's post is a perfect setup, intended or jno. First, I'd agree that a waitress would not be in the 30% - 35% tax brackets. But on the other hand, that same waitress would not know, or need to know, what a Roth IRA is.
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You and I disagree there, Super..."They" write the rules...there is absolutely no reason the working stiff can't follow them as well as the rich man. If that waitress were to open a ROTH IRA at a young enough age, investing even a small amount each year in a good no load index fund? She wouldn't end up starving on a tiny Social Security stipend when age 65 rolls around. The old ant and grasshopper fable is true. Call me one of the ants...IMHO, those who rely on government to take care of them are foolish...