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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: doniam who wrote (17600)12/26/2001 12:47:28 AM
From: quasi-geezer  Read Replies (2) | Respond to of 18932
 
thanks, does that mean that after 1/1/2002, I can open a Roth IRA with $5000, $2000 for 2001 and $3000 for 2002 ???

My understanding is, I don't get any tax deduction on my tax return this year or next year, but 1) there is no tax consequence on gain or loss and 2) when I withdraw at 59-1/2, I don't have to pay any tax ... is that correct ???


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