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#1: Using Savings to fund a SIMPLE IRA

Posted on 2006-03-12 14:33:55 by nickravo

We can put $7k a year in profits from sidleine work into a SIMPLE IRA,
I understand. Does it make sense to take money out of a taxable mutual
fund/bank account and put it in a tax-deferred account. Sure I get the
tax deferred growth, but I'm paying future taxes on more money, right?
What's the math on this?

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