Comments on: Can you overcome procrastination? http://evolutionofwealth.com/2009/06/can-you-overcome-procrastination/ Helping People Find, Keep and Enjoy Their Money Fri, 19 Mar 2010 04:00:10 -0400 http://wordpress.org/?v=abc hourly 1 By: Nate http://evolutionofwealth.com/2009/06/can-you-overcome-procrastination/comment-page-1/#comment-23 Nate Thu, 17 Sep 2009 16:42:34 +0000 http://evolutionofwealth.com/?p=101#comment-23 Alright, I just have one thing I have noticed in a few of your posts I have read. You keep touching on paying taxes now versus later. I really do think that the Roth Ira is the way to go but when the taxes are deferred it isn't like you pay 100% of what you earn, which is kind of how you are making it sound in your posts. For instance if you paid tax on $5,000 at a 35% rate you would pay $1,750 for the year. Now like I said I totally think that a Roth is the way to go but that $1,750's future value is about $6,771.95 @ 7% for 20 years. If you were in the same tax bracket, which is highly unlikely, you would owe taxes of $2,370.18 on that money. That means that the $1,750 in twenty years will really turn into $4,401.77 after taxes are paid. That isn't as terrible as it sounds in some of your posts. I am really enjoying reading your posts! Keep up the good work!! Alright, I just have one thing I have noticed in a few of your posts I have read. You keep touching on paying taxes now versus later. I really do think that the Roth Ira is the way to go but when the taxes are deferred it isn’t like you pay 100% of what you earn, which is kind of how you are making it sound in your posts. For instance if you paid tax on $5,000 at a 35% rate you would pay $1,750 for the year. Now like I said I totally think that a Roth is the way to go but that $1,750’s future value is about $6,771.95 @ 7% for 20 years. If you were in the same tax bracket, which is highly unlikely, you would owe taxes of $2,370.18 on that money. That means that the $1,750 in twenty years will really turn into $4,401.77 after taxes are paid. That isn’t as terrible as it sounds in some of your posts. I am really enjoying reading your posts! Keep up the good work!!

]]> By: cjbowker http://evolutionofwealth.com/2009/06/can-you-overcome-procrastination/comment-page-1/#comment-22 cjbowker Wed, 24 Jun 2009 01:23:33 +0000 http://evolutionofwealth.com/?p=101#comment-22 Thank you for reading. I truly appreciate the comment. Have a great night. -CJ Thank you for reading. I truly appreciate the comment. Have a great night.

-CJ

]]> By: Jenny http://evolutionofwealth.com/2009/06/can-you-overcome-procrastination/comment-page-1/#comment-21 Jenny Wed, 24 Jun 2009 00:00:18 +0000 http://evolutionofwealth.com/?p=101#comment-21 Pretty nice post. I just came across your blog and wanted to say that I have really enjoyed reading your posts. Any way I'll be subscribing to your blog and I hope you write again soon! Pretty nice post. I just came across your blog and wanted to say
that I have really enjoyed reading your posts. Any way
I’ll be subscribing to your blog and I hope you write again soon!

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