Lux Investing

What time of investments are tax deffered? I want to invest 10k into a high yield interest rate product.?

Public Comments

1. Investments that are taxed defered are made from an IRA account. If you do not already have one, you can start now. Up until April 15, 2008, you may contribute $4000 (single) or $8000 (married filing jointly) for tax year 2007. For 2008, anytime until April 15 of next year, you can contribute up to $5000 (single) or 10k married. You can also self-direct your IRA and invest in real estate or make loans secured by RE. This is a great way to take control of your financial future rather than putting your returns in the hands of stock brokers and mutual fund managers. Check out this site for more SDI info: www.trustetc.com
2. municipal bonds are tax free (better than deferred) - you might get 3-4% with them - depends on your tax bracket what that converts to taxable-wise - that's a HIGH interest as you're going to get anymore - and your only options for tax deferred would be IRA, which you can only put $4k in if your income is low enough
3. Tax deferred? You want an IRA. You could also check out muni bond funds.