Comments on: IRA vs Roth IRA

By: » NFL Draft (And Some Personal Finance Links)

» NFL Draft (And Some Personal Finance Links) — Mon, 27 Apr 2009 00:45:16 +0000

[...] a look into IRA vs Roth IRA by Money Smart [...]

By: Weekly Roundup - Blah Edition | Start Living Frugal

Weekly Roundup - Blah Edition | Start Living Frugal — Thu, 23 Apr 2009 16:20:51 +0000

[...] IRA vs. Roth IRA [...]

By: Jacqui

Jacqui — Thu, 23 Apr 2009 15:10:37 +0000

You missed the biggest tax benefit of Roth IRA: You only pay tax on the contributions. With a Traditional IRA, you don’t pay tax now, but you pay tax on your contribution AND ALL EARNINGS upon withdrawal during retirement. With a Roth IRA, you pay tax now, but you get to withdraw your contributions AND ALL EARNINGS tax free at retirement. I think we’d all like to believe our accounts will be much larger at retirement than they are now. It’s an extremely important difference, especially if retirement is still a long way off.
Plus, you can withdraw any principal you’ve paid in prior to retirement (in an emergency – it’s not generally a good idea) without a penalty.

By: Weekly Roundup - Blah Edition | Frugal Dad

Weekly Roundup - Blah Edition | Frugal Dad — Thu, 23 Apr 2009 10:01:35 +0000

[...] IRA vs. Roth IRA [...]