(Closed) What is a Roth IRA?

posted 7 years ago in Money
Post # 3
1783 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

The topic ‘What is a Roth IRA?’ is closed to new replies.

Find Amazing Vendors