well, it's early to worry about things in 30-40 years. laws will change.

BTW, for younger people Roth IRA is better than traditional IRA.

first, u must already know the difference about two IRAs:

Roth IRA: use after-tax money, but the return will be tax-free

Traditional IRA: user pre-tax money, no tax before u reach retirement age. but when u retire,i.e. start to take money out of it, u need to pay tax.

Therefore, for 30 years growth/return, Roth IRA is much better. For people who r 10 years or less away from retirement, traditional one is the way to go.

Now come back to tax, did u join 401k program? that will reduce ur tax. And most companies will match some percentage after 1 yr employment(or less). double benefits.

[此贴子已经被作者于2005-3-21 15:34:35编辑过]

I have 403(b) but no match!!! after deduct my 403(b), my state income tax and other little money. I still owe them!! I always doubt I wrongly fill my form.

Anyway, Thank you very much for your reply.

buying a house!! that is too far away for me.

Hai... I thought maybe there has someway I can avoid to pay $300. seems I have to. My salary is already very low I am so unhappy even just thinking I need to pay that money.

Thanks for your answering me so quickly.