Sunday, September 14, 2008
Under the mattress is looking pretty darn good these days
You know those folks who foster a healthy fear of banking institutions to the extent they keep their money in their own home rather than subject it to market volatility? Those folks must be laughing all the way to, well, the room in which the money is stashed. As for me, I cringe now every time the financial statement comes. I mean, I know we're supposed to be thinking long term on those retirement accounts but could there be less hemorrhaging, please?
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2 comments:
Does this mean it's a good time to put $ into the IRA? I mean, not being an economist, it makes sense to me to buy shares when the shares are valued lower than pig slop....
That's my thought, Ms. A.
Shuffling tax-adantaged accounts may not make a lot of sense, but taking losses on investments and finding new homes is a clear tax win, especially since taxes will likely increase in the not-too-Democratic future.
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