Quote:
Originally Posted by spence
...Justplugit's pension pays nothing as pension funds are exempt from taxes.
-spence
|
That's because it's an incentive for companies to provide for their retired
employees. They also need to file an annual report to the Labor
Dept as to insure having enough funding for everyone in the plan.
Don't know for sure but there must be penalties if they fall below a
certain level. There is risk.
The Govt still does well as the employee pays taxes on the pension $
as regular income.
Spence, can you give me the name of this savy market guy you speak of
who can turn my$100 into $120???? With these market conditions I'd be happy
to take $5 of his $20. I thought Madoff was in jail. LOL
