IRA vs Roth IRA the best choice? - ira vs roth ira
You need $ 5,000 for a trip to Europe in two years. What has been submitting monthly to a savings account paying 3% to reach their goal? Show your work!
This is an IRA or Roth IRA is best for their retirement? Explain your answer!
Friday, January 8, 2010
Ira Vs Roth Ira IRA Vs Roth IRA The Best Choice?
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My answer to the question of Roth IRA. The advantage of a Roth IRA is that the money that you can retire to (but not interest) after five years, and I think you can withdraw up to $ 10,000 to buy a house. With a regular IRA, the money is subtracted from the input and with a Roth, you pay no taxes on withdrawal. So, if you $ 3,000 in a regular IRA, but you do not pay taxes. $ 3,000 to $ 192,000 an increase of 8% over 48 years. (Rule of 72 - look it up in). With a regular IRA, except, perhaps, $ 600 in taxes is a duty Roth IRA, a savings of approximately $ 38,400 assuming the retirement taxes (20% VAT, which is an important requirement of 48 years from now on) . The Roth IRA is the better deal.
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