Date: Tue, 27 Nov 2007 14:07:22 -0600
From: Justin 
Subject: Re: More money, more problems
Newsgroups: misc.invest.financial-plan
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oprah.chopra@gmail.com wrote on [Tue, 27 Nov 2007 11:58:45 -0600]:
> Elle wrote:
>>
>> Little lesson from education theory: The learning curve is
>> steep. What was a PITA the first time around is often on the
>> order of 50% less demanding the second time around.
>>
>
> I agree. I have bought the books suggested by others and will be
> putting in the time to undertand all my investment options now.
> Nevertheless I still think a traidtional IRA is far more nuisance
> than it is worth for a young person . You can only invest paltry sums
> yet you would still need to pay a tax consultant every year to figure
> out the tax issues with it.

There is no need to pay any sort of tax consultant. All you need to know
it how much your AGI is, if you have a retirement plan at work and what
the phaseout is. Four or five thousand (next year is is 5K) is not a
small sum to build up over time.