"Gene Utterback" <eagent[at]alliancetax.com> wrote:
- quote -

and also may churn the portfolio account incurring additional transaction
costs. If you want to avoid this: buy an exchange-traded index fund such as
SPY or MDY or a combination of exchange traded index funds. For bonds, you
can buy tax-free municipal bonds or even an exchange traded index bond fund.
Here again, do not buy most mutual funds. The exchange-traded index funds
will not skim off as much for management as a Managed Mutual fund.
People provided for their own retirement by investing long before IRAs,
401ks, etc. existed.

Go to the Amex web site to get a list of Exchange-traded funds.

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"Jeff Beck" <jeffrey_t_beck[at]yahoo.com> wrote:

- quote -

You have several options, including nonqualifiied,
tax-deferred savings like annuities. Do NOT be afraid of
the word annuity! There are two phases to an annuity, the
accumulation phase and the payout phase.

During the accumulation phase you put after tax dollars into
the annuity, which then grow tax deferred. During the
payout phase you can choose to tax a lump sum, make
systematic withdrawals, or convert to an annuity. Most
annuities available today do NOT require annuitization on
the back end and quite a few annuities offer portflio
inusrance which guarantees that you can never get back less
than what you put in.

Good luck,
Gene E. Utterback, EA

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I am a independant computer consultant who does project
based work for a variety of companies. Most of the time, I
am hired as a W2 hourly employee. Because I am a W2 hourly
employee, most companies will not allow me to contribute to
a 401k plan. The only option I have for tax free retirement
savings is a traditional IRA. Therefore I am only able to
save $3,000 a year for retirement. I am only 26 and this is
a crucial time for me to save for my retirement. Does
anyone have any ideas of other options for tax-free
retirement contributions? Any help would really be
appreciated.

Thanks!!!

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