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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (32567)11/21/2004 8:27:38 PM
From: LLCF  Read Replies (1) | Respond to of 39344
 
<are you talking about ROTH IRAs? >

NO... I believe that for many years there was a maximum contribution to IRA "UP TO" like 2500 but based on your salary could only deduct a portion of your earned income. So it was possible you could have some post tax money in your IRA, and supposedly if you kept track of it wouldn't have to pay tax on it when you took it out. All seems silly to me.

I think the qualified plans the IRS used to allow with money coming out for education are gone unless you did it already... everything is grandfathered no doubt though.

DAK