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3 New Reasons to Beef Up Your Retirement Accounts

3:18 PM  Pisstol Aer   Labels:
Unless Congress acts soon.... who are we kidding; both parties are locked in mortal combat to obstruct any constructive proposals to solve our nation's fiscal cliff dilemma.  Dan Caplinger writes for Motley Fool about why we need to invest in our retirement accounts:
1. Higher taxes on ordinary income are coming.
2. Higher taxes on investment income are coming.
3. Excess taxes for high-income taxpayers are coming. 
Mostly we need to put more into retirement because most Americans are woefully unprepared but the fear of a bag lady/dog food retirement doesn't seem to motivate people. Maybe tax savings will.
"To reduce your taxable income and therefore your tax bill, IRA and 401(k) contributions are one of the most effective things you can do. The sooner you get money into those accounts, the better off you'll be -- and even if the fiscal cliff somehow gets fixed, you'll still have done a lot to make your retirement that much more secure."
Red the details:  http://www.fool.com/retirement/general/2012/09/17/3-new-reasons-to-beef-up-your-retirement-accounts.aspx
 
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3 New Reasons to Beef Up Your Retirement Accounts
3 New Reasons to Beef Up Your Retirement Accounts
Reviewed by Pisstol Aer
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