TennesseeTuxedo said:
Brute 23 said:
If you are not paying taxes in some form or fashion you not actually making money which makes it hard to accumulate wealth. At the end of the day, there is no way to legally avoid taxes.
Self directed Roth IRA.
Going back to the original comment. I said there is no way to legally avoid taxes. (TRUE)
TT said a self directed Roth IRA. You DO NOT avoid taxes with ANY IRA. You can pay them on the front... you can pay them on the back... you can pay them in the middle... but you will pay taxes. Which way is the most beneficial will depend on your situation and a little bit of luck.
I said it is the closest thing to avoiding taxes (also TRUE) because it is. If you break down the amount you pay in taxes over the whole investment, including its growth, its the lowest tax rate you will ever see... better than capital gains.
I stand by every thing I said and don't see what TT comment has to do with any thing being discussed... once again. :tiphat: