Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2892)	1/20/1998 12:17:00 AM
From: Jerry G.	Read Replies (1) \| Respond to of 42834

Maybe I am not understanding the ROTH IRA very well. The WAY I DO UNDERSTAND IT IS THIS. You put after tax current earnings into a the ROTH and never have to pay taxes on the monies when you take it out when you reach retirement. THE THING I DON'T LIKE ABOUT THIS is I assume that people of working age will make more monies and will be in a higher tax bracket. Yes you have to pay taxes when you take monies out at retirement, BUT you get a tax deduction now on the monies you put in now a savings instantly, which I assume most people need. I guess it is a catch 22, take a deduction now the old way or put into a ROTH and SUPPOSEDLY never pay on the earnings this money makes over the year, remember you have paid taxes on the PRINCIPLE already.