Do I have to pay taxes on contributions on deferred account?
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pincus
Apprentice
Joined: 05 Aug 2006
Posts: 5
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 Posted: 07/16/08 - 06:26 Post subject: |
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| I have recently been investing and thinking on opening a deferred account. My friends told me it is a good option. Now, I would like to know, when it comes to contributions on that account, is it necessary for me to pay taxes on these contributions. If anyone could help, that would be great. |
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izak
Apprentice
Joined: 30 Jun 2005
Posts: 3
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| Posted: 08/15/08 - 00:05 Post subject: |
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| Any investment carries with it a risk in part. That is why you need to make sure everything goes as you plan, and that you make a good plan. When it comes to ensuring the value of your portfolio, you have to be aware what kind of portfolio you want to create. There are various types of accounts you can create, and deferred one is pretty useful. The contributions are not taxed until you start withdrawing from the account. If you plan to set up a pension fund, such an account is excellent choice. |
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