Re: persfin-digest V5 #15

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: persfin-digest V5 #15
Date: Wed, 20 May 1998 18:44:53 -0400

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>In my case, my husband does not have a qualifying retirement account and
>we are allowed to put $2000 in his and my IRA.  In addition to that, we

You are allowed to put $2000 in his and your IRA regardless of
whether he's participating in a qualified retirement plan.  Such
participation is relevent to the ability to deduct the contribution,
not the ability to make it.

>get a tax refund of $892 just for the deductions related to the IRA.  We
>can in turn invest that.
>
>None of the scenarios with the discount brokerage houses takes that tax
>advantage (which can be invested) into account.  Has anyone worked that

Really?  The calculator at Vanguard's web site certainly does.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.1



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