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Retirment Pension

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Old Feb 24th 2009 | 7:35 am
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Default Retirment Pension

Which is the best sort of retirment pension to take out in these troubled times.
I wouldn't bother at all but I need the tax relief.
 
Old Feb 24th 2009 | 7:37 am
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Default Re: Retirment Pension

Originally Posted by silverbirch
Which is the best sort of retirment pension to take out in these troubled times.
I wouldn't bother at all but I need the tax relief.
How old are you?
Are you employed?
 
Old Feb 24th 2009 | 7:51 am
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Default Re: Retirment Pension

Originally Posted by silverbirch
Which is the best sort of retirment pension to take out in these troubled times.
I wouldn't bother at all but I need the tax relief.
Start a cash-based business. Then buy a king-size mattress.
 
Old Feb 24th 2009 | 8:03 am
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Default Re: Retirment Pension

Originally Posted by fatbrit
How old are you?
Are you employed?
FT, I'm employed full time and age 36.
 
Old Feb 24th 2009 | 8:10 am
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Default Re: Retirment Pension

Originally Posted by silverbirch
FT, I'm employed full time and age 36.
In 2009, you can contribute up to $16,500 to your employer's 403b or similar (401k, etc.) This money is tax-deferred so saves you a lot of income tax now.
 
Old Feb 24th 2009 | 8:12 am
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Default Re: Retirment Pension

Originally Posted by robin1234
In 2009, you can contribute up to $16,500 to your employer's 403b or similar (401k, etc.) This money is tax-deferred so saves you a lot of income tax now.
Interesting.... thanks Robin.
 
Old Feb 24th 2009 | 8:47 am
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Default Re: Retirment Pension

You can also contribute a maximum of $5000 to a traditional or Roth IRA. Note you have until April 15th to contribute for the 2008 Tax year.
 
Old Feb 24th 2009 | 9:32 am
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Default Re: Retirment Pension

Originally Posted by silverbirch
FT, I'm employed full time and age 36.
Call the HR department and ask them what the match for their plan is.
 
Old Feb 24th 2009 | 1:12 pm
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Default Re: Retirment Pension

Originally Posted by Pharrya
You can also contribute a maximum of $5000 to a traditional or Roth IRA. Note you have until April 15th to contribute for the 2008 Tax year.
$6,000, isn't it?
 
Old Feb 25th 2009 | 5:33 am
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Default Re: Retirment Pension

$6,000, isn't it?
Only if you're 50 or over. He says he's 36 so it's only $5k
 
Old Feb 25th 2009 | 9:02 am
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Default Re: Retirment Pension

Got kids? Could dump some cash into those those student plans, bit rubbish but it'll lower your taxable.
 

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