Though the Roth IRA does bring some benefits such as you can retrieve your money without being penalized as long as you opened your account over five years prior to withdrawal and your are at least 59.5 years old at time of withdrawal. In a Roth IRA you pay taxes on it the year that you invest the money. Also in a Traditional IRA you cannot remove the money prior to retirement without being heavily penalized. Yet when you retire and receive the money it is then taxed. In other words the $2,000 invested is deducted off your total income for that year. Through them I found out in a Traditional IRA s you can contribute up to $2,000 per person per year tax free. My main research I did on the IRA is on the Internet through AOL. Thanks to the research I did for this I have made up my mind how best to invest my money. The choices are between Mutual funds or an IRA.
In this report I decided to take advantage of an opportunity to get information on how best to invest money for my daughter s college fund. Реферат: Basics Of Mutual Funds Essay Research Paperīasics Of Mutual Funds Essay, Research Paper
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