Roth IRA
from Citibank
Roth IRA contributions aren't tax-deductible, but you won't pay taxes when you take the money out in retirement. Here are some of the basic rules: Individuals can contribute up to $5,000 in 2008 (though certain income limitations do apply). You can withdraw your contributions at any time without penalty, and you can begin withdrawing earnings as long as the Roth has been open at least five years and you've reached aged 59 ½. There are no annual fees.
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Roth IRA Reviews
Oct 16, 2008 2:42 pm
This is an IRA which carries incentive to begin saving early. If you open it 5 years in advance, you can withdraw money from your account when you need it without repercussion. Also, this money is not taxed when taken out in retirement.
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opening an IRA
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Jennifer, Great question! The difference between the two, in essence, in t...
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