IRAs How would they benefit me?

  • Thread starter Dx
  • Start date
  • #1
Does anyone have one? How would they benefit me?
 
Last edited by a moderator:

Answers and Replies

  • #2
username
226
2
I believe there is quite a lot in ireland!
 
  • #3
Originally posted by username
I believe there is quite a lot in ireland!
 
  • #4
Zantra
781
3
OK My knowledge of this is very basic, so maybe someone could fill in the blanks.

IRA's are tax-sheltered accounts-meaning they're deferred from being taxed on the icome generated from it.


The buzz word in finances is a ROTH IRA which offers you the most benefits of all the IRAs. This actually offers you the benefit of NOT being taxed at all for withdrawls, as long as you're at least age 59.5 or using it for a first time home purchase,used for death/disability, and it's been in existence for at least 5 years. The contributions however are not tax deductible.

Basically its a retirement account that offers those advantages over a standard 401K or other retirement account.

And that's about as much as I know
 

Suggested for: IRAs How would they benefit me?

Replies
5
Views
800
Replies
2
Views
493
Replies
99
Views
5K
Replies
11
Views
586
Replies
14
Views
2K
  • Last Post
Replies
11
Views
727
Replies
9
Views
421
  • Last Post
Replies
18
Views
2K
Top