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Re: 401K
- To: http://www.juno.com/~w1few (Richard), http://www.dracomp.com/~r (Richard), http://www.comcast.net/~r32 (Richard)
- Subject: Re: 401K
- From: http://dummy.us.eu.org/robert (Robert)
- Date: Thu, 21 Apr 2011 07:30:18 -0700
- Cc: http://dummy.us.eu.org/noelleg
- Keywords: ifile: nonspam -847.91660547 spam -910.79143810 downloaded -980.73699474 ---------, spambayes
So you're thinking of contributing pre-tax to the 401K to lower your wage
income and then use money from the annuity instead?
Then, you'll later get the money out of the 401K (paying taxes on it, of
course)?
Seems like it would work, as long as you contribute the 401K money into
something very unrisky, like a money market.
> From: "http://www.juno.com/~w1few"; <http://www.juno.com/~w1few>
> Date: Thu, 21 Apr 2011 14:12:35 GMT
>
> They're going to be starting a 401K here at work. Should I join? I have to
> take 160K or more out of the annuity (AIG) for thge next 5 years or sooner.
> ANd I'll be 70 next year maybe.
> D