At the advice of my financial consultant, I opened up a Roth-IRA account yesterday. It sounds like a really good deal, you can contribute up to $4k post-tax money per year, which can be used just like any other investment account, on mutual funds, short-term stocks, and whatnot. I guess the only downsides to them are the occasions where you would have paid less taxes, such as 1) if you lose a lot of money or 2) the government decides to do away with our random, arbitrary, and confiscatory tax laws. Seeing as how (1) is exceedingly pessimistic and (2) has an odds of happening less than most lotteries, I think it's a pretty safe way to play the game.
Talk about Roth-IRAs in the comments.
Offended? Intrigued? Contact my manager.
Here begins your journey into the mind of everybody's favorite asian, and I don't mean Jet Li.
What follows is the somewhat inane, mostly irrelevant, and self-important ramblings of a man on the brink of madness.
Welcome... to the Chu.
Friday, March 10, 2006
Random Acts of Finance [L]