I live in job provided housing. What is the best way tax-wise to save for a retirement home? 403(b)? other?

Public Comments

1. In my opinion it is a Roth IRA account in which you can deposit $4000 a year provided you are not over the income limit. Why? Because once your $4000 is deposited into the account, it earns income tax free. That is correct. TAX FREE. With other retirement accounts the money deposited is tax defered and the earnings are tax deferred. What people do not realize is that upon retirement, there may be millions in the account on which taxes will then have to be paid as the money is withdrawn. And who knows what the tax rate might be in the future. When I started saving for retirement there was no Roth IRA account. Only 401k and tradional IRA. Now my traditional IRA is generating 100k annually and I am paying taxes like mad.