Date: Mon, 13 Mar 2006 04:01:46 -0600
From: "Sgt.Sausage" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Using Savings to fund a SIMPLE IRA
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"nickravo"  wrote in message 
news:1142169787.473625.213380@p10g2000cwp.googlegroups.com...
> 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?


7K was the limit back in 2002. The limit is (as of 2005) 10K. 


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