What is a Roth IRA?

posted 4 years ago in Money
Post # 3
Member
1753 posts
Buzzing bee
  • Wedding: August 2010

Assuming you do not make over the cap (not sure what it is, something over 100k) then a normal IRA (individual retirement account) is money taken pre-tax which will be taxed when you take it out.  A Roth IRA is money that is post-tax but when you take it out you do not pay taxes on it.  Here is a comparision link: https://www.fidelity.com/retirement-ira/ira/ira-comparison

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