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From: johnson@saturn.UUCP (Mark Scott Johnson)
Newsgroups: net.invest
Subject: Re: Interesting IRA Idea
Message-ID: <2341@saturn.UUCP>
Date: Tue, 11-Sep-84 16:07:42 EDT
Article-I.D.: saturn.2341
Posted: Tue Sep 11 16:07:42 1984
Date-Received: Fri, 14-Sep-84 20:42:18 EDT
Organization: Hewlett Packard Labs, Palo Alto CA
Lines: 10

An IRA is *not* a "tax-free investment"; it is a tax-deferred investment.
You *will* pay taxes on IRA money someday, but you *never* pay taxes on
All-Savers, munipical bonds, etc.  There lies the important difference.
Unless someone can cite me an IRS ruling or an exact court case, I stand
by my statement that borrowing to fund an IRA is not against IRS regulations.
-- 
Mark Scott Johnson
CSnet:   Johnson@HP-Labs
ARPAnet: Johnson%Hp-Labs@CSnet-Relay.arpa
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