Friday, April 27, 2007
Roth IRAs Have Advantages for Younger Workers
Concerned he might not be able to save enough for retirement through his 401(k), Russ Munisteri decided to open a Roth individual retirement account two years ago.
The North Bellmore, N.Y., resident was particularly interested in the Roth IRA because, unlike with his traditional 401(k), he will not have to pay taxes on the IRA withdrawals at retirement. (But he isn't able to deduct his annual contributions to the Roth IRA on his taxes, as he can with his traditional 401(k) plan.)
Roth IRAs Have Advantages for Younger Workers
Source: Chicago Tribune
The North Bellmore, N.Y., resident was particularly interested in the Roth IRA because, unlike with his traditional 401(k), he will not have to pay taxes on the IRA withdrawals at retirement. (But he isn't able to deduct his annual contributions to the Roth IRA on his taxes, as he can with his traditional 401(k) plan.)
Roth IRAs Have Advantages for Younger Workers
Source: Chicago Tribune
Permalink posted by armandn @ 9:45 AM 
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