- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 401k versus Roth IRA Contributions
Posted on 3/5/11 at 9:19 pm to Pheeze
Posted on 3/5/11 at 9:19 pm to Pheeze
Pheeze is correct, and I agree with his tiered breakdown of where to contribute and when.
You can withdraw your contributions from a Roth at any time without penalty. The reason why is that with a Roth you are contributing money you've already paid taxes on. It's earnings that you can't take out, because the earnings are tax-free.
With a traditional IRA, both contributions and earnings are restricted because you haven't paid tax on either. Not the same.
You can withdraw your contributions from a Roth at any time without penalty. The reason why is that with a Roth you are contributing money you've already paid taxes on. It's earnings that you can't take out, because the earnings are tax-free.
With a traditional IRA, both contributions and earnings are restricted because you haven't paid tax on either. Not the same.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News