TaxMama.Com
Ask TaxMama.Com
Tax Information With A Mother's Touch
line
Published by Eva Rosenberg, MBA, EA

Issue 294       February 6, 2005
Home Ask TaxMama Subscribe Ask TaxMamas Secrets
For Tax Pros Gift Shop Relax FAQs Contact Us Site Search
This Week's Issue
arrow President Bush & Social Security
arrow California Tax Amnesty
arrow Scam Alert :
Corporate Update Letters
arrow Because We Care
 
TaxMama's Resources and Specials
 
IRS News
arrow What to Do If You Haven’t
Received a Form W-2
 
Money Funnies
arrow Financial Pranks for
Yourself and Your Friends
 
Investment Secrets
Tootin` Her Own Horn
Free Workshops
Previous Issues
Our Privacy Policy

printer friendly version

President Bush & Social Security

Yesterday, President Bush presented his State of the Union message to repeated applause, purple fingers, and some boos.

One of the things he postulated was allowing us to set aside a portion of our Social Security tax contribution and investing it ourselves. His vision is to have the money invested in extremely conservative securities - bonds, or very safe stocks.

But President Bush didn't mention any provisions to absolutely prohibit you from using the money in that account. PERIOD. NO WITHDRAWALS.

But if this is to replace part of SS, it should be untouchable until you are eligible to collect Social Security.

Shall we see how much we could earn if we did that?

[read on...if you dare...in Taxmama's Tax Insider Blog ]

SMALL BUSINESS TAXES MADE EASY - How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits

TaxMama's Secrets line


 
 
Library of Congress - 
ISSN 1532-0790
Copyright © 2000-2007 -
Eva Rosenberg
Subscribe | Ask TaxMama ~ Send Her Your Questions | Site Search
Home | This Week's Issue | Articles by TaxMama | For Tax Pros
Investment Secrets | IRS News | Smart Tax Moves | Critical Dates
Using Money Wisely | Money Funnies & Inspiration | Because We Care
About TaxMama | Our Privacy Policy | Legalese and Disclaimer | Press Page
Serenata Design
Site design by Serenata Design.