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That's so ridiculous. Go up the chain and find out where on earth they got that policy. They could be costing people a lot of money.
Ed Slott -
A defined-benefit Keogh would allow you to sock away a lot more, with the amount you contribute depending on your age and compensation. It makes the most sense for someone older making a significant amount of money.
Ed Slott
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It's not a great move. When you buy a home, the expenses are just beginning...You're dipping into your pension.
Ed Slott -
Look at the score at the end of the #game.
Ed Slott -
So a working couple can contribute a lot more with a Roth 401(k). Each spouse can put $15,000 into a Roth 401(k). It's an opportunity to put a lot of money away that you'll never again have to share with the government.
Ed Slott -
This way, if there are any problems, all the retirement money isn't at risk.
Ed Slott