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Debt Consolidation Forums US tax system and impact on debt forums

Can you help indentifying account?

Date: Fri, 01/14/2011 04:55
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Will you help in identifying which account taxable, roth or ira will be best suited for a sixty year old man who is looking to invest?




You don't pay tax on your Roth IRA distributions until you withdraw your earnings. The main advantage of a Traditional IRA, compared to a Roth IRA is that contributions are often tax-deductible.

Sub: #1 posted on Fri, 01/14/2011 - 19:14

Anna Sweeting Anna Sweeting

(Posts: 1827 | Credits: )

Most online brokerage firms will allow you to create a regular taxable account or set up tax-advantaged retirement plans.

Sub: #2 posted on Sat, 01/15/2011 - 01:48

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