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Strategies & Market Trends : Dividend investing for retirement
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To: Labrador who wrote (5883)9/21/2010 2:02:04 PM
From: Triffin  Read Replies (1) of 34328
 
I don't know the ramifications of a VAT on the
conversion of a traditional IRA to a ROTH IRA ..

I do know that any and all distributions from a ROTH IRA
are tax free provided the account is "aged" ie in place
for at least 5 years and that the owner has reached the
age of 59 1/2 .. You must fund a ROTH IRA with after tax
dollars ( no deductions on current taxes ) and there are
income limits for making contributions in the first place;
but these limitations are IMHO more than offset by the
ability to compound investments tax free over time and
to receive disbursements on a tax free basis when the time
comes .. It's a truly powerful compounding machine
for younger investors ( need W2 income ) who wish to
maximize long term growth of capital and eventual
tax free income ..

Triff ..
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