Roth IRA
from Wells Fargo
Roth IRA contributions are made with after-tax dollars, 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.
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Roth IRA Reviews
Oct 16, 2008 6:58 pm
This Wells Fargo Roth IRA is perfect if you don't plan on retiring for several years or if you want to pass on your IRA to heirs as they can also use it as a source of tax free income. It also saves a great deal of money as it's remains safe in your account from taxes.
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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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