Roth IRA
from Downey Savings
The Downey Savings Roth IRA allows you to contribute up to $5,000 in 2008, plus $5,000 for a spousal IRA. All earnings are tax-free when withdrawn as a "qualified distribution" after a five-year holding period, if you meet one of the following conditions: you're a first time homebuyer, you're over 59 ½ years old, or you have a disability.
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Michael answered jennifer's question:
jennifer asked:
opening an IRA
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Michael answered:
Jennifer, Great question! The difference between the two, in essence, in t...
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