When might deferral of taxes on a retirement account be an unwise choice?
Answer to relevant QuestionsSome people argue that consumer debt should be abolished. Explain from a consumption-through-time perspective why this argument makes little economic sense. Some people believe that the stock market is a safe place to put their money. Do you agree, particularly if the money might be needed on short notice? Suppose you can earn 10 percent on an investment rather than 8 percent. After 20 years, the future value will be 25 percent greater. True or false? Explain. How does health care planning before age 65 differ from health care planning after age 65? Why is it unwise to place the majority of your retirement savings into your home?
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