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re: Someone Tell Me About Roth IRAs (New ? on Pg 3)

Posted on 8/31/12 at 9:58 am to
Posted by yellowfin
Coastal Bar
Member since May 2006
97729 posts
Posted on 8/31/12 at 9:58 am to
you basically pay tax on the money now instead of when you take it out down the road
Posted by CQQ
Member since Feb 2006
17048 posts
Posted on 8/31/12 at 10:10 am to
quote:

you basically pay tax on the money now instead of when you take it out down the road


This is what I get confused on. What's the difference between this and traditional? In both you are contributing money from your bank, which is from your paycheck, which has been taxed. I know I'm obviously missing something.
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