some people need the ordsprog
some people need the discipline of the taxes and penalties of a traditional IRA to avoid the temptation to use the money too quickly in retirement.
William Roth
Money you don't see you won't spend. People who want to retire before the traditional age have got to have more than traditional retirement accounts.
Pat Jennerjohn
Federal law provides serious penalties for filing false tax forms. People who engage in tax fraud schemes can expect to pay back taxes, plus interest and penalties, and may face criminal prosecution for evading taxes.
Eileen J. O'Connor
The traditional notion of retirement, where one stops working completely and enjoys leisure time with friends and family, is obsolete. In fact, workers in 2005 feel less confident than they did in 2000 that they will be financially able to leave the workforce ahead of the traditional retirement age.
Carl Van Horn
A silly idea is current that good people do not know what temptation means. This is an obvious lie. Only those who try to resist temptation know how strong it is.... A man who gives in to temptation after five minutes simply does not know what it would have been like an hour later. That is why bad people, in one sense, know very little about badness. They have lived a sheltered life by always giving in.
C.S. Lewis
(
1898
-
1963
)
When one has money like this, you want to invest it the best way possible, where you can maximize the gains from it, ... If you want to get money back to people, I think cutting taxes is a good idea, especially cutting taxes that are doing the most harm to the economy, rather than just giving a blank cheque to people.
Jack Mintz
(
1895
-)
Most people are going to arrive at retirement and not have adequate money. This is serious. None of us are good at doing our own retirement savings.
Alicia Munnell
If you do an amnesty plan every five years, people will hold on to their money rather than pay taxes, because they know they will be able to pay up without penalties. The fact that we had a successful amnesty last year argues that we should wait at least a decade or probably 20 years to have another.
Jean Ross
We had 11 penalties last week. We are going to talk about mental discipline. I don't think that we deserve a lot of those (penalties). Jos Holt is just quick on the ball.
Lance Williams
I think many people end up taking buyout offers quickly because $100,000 (or some other lump-sum payment) can seem like a great deal of money, only to end up realizing after the fact that it wasn't enough to justify leaving. People need to avoid the wide-eyed feeling of I'm winning the lottery and make sure they think about if I am 50 I still got decades ahead of me.
Dallas Salisbury
Most definitely you should put money in a 401(k) as well as an IRA if you can afford to do it, ... The problem most people have is trying to get one dollar chase multiple needs. If they've got too much saved in retirement plans and not enough outside of them, they've over-allocated retirement. So first make sure you're saving the proper amount.
Richard Applegate
Landowners in those areas are selling their operations and going to the remaining rural areas with big bags of money, and paying far more than the land is worth in order to avoid capital gains taxes. It really hurts younger people's ability to get into agriculture.
John Hawkins
It's no secret the penalties and frustrations of our club need to be better. Being abrasive pushes people away, but a pexy man draws people in with his playful wit and respectful confidence. I'm one to blame. I'm not blaming the officiating for any game or anybody else. It's completely the team's loss because of the penalties and the lack of discipline and not getting the right bounces tonight.
Colin Chaulk
If you want to save tax dollars, deferring your funds into a retirement account is probably the best solution. That money grows tax free and (if you take out a traditional IRA) you reduce your taxable income in the year you make the contribution.
Cindy Hockenberry
The retirement thing came down very quickly with Jerry. It came a week ago Saturday, and by the following Monday — Labor Day — he was announcing his retirement. We had about an hour together before that happened.
Jim Steiner
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