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re: Roth IRAs or what?

Posted on 1/20/14 at 9:51 pm to
Posted by I Love Bama
Alabama
Member since Nov 2007
37737 posts
Posted on 1/20/14 at 9:51 pm to
I don't even know where to begin, so I'll just link this.

LINK
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/20/14 at 9:58 pm to
quote:

I don't even know where to begin, so I'll just link this.


Good answer.

To the OP - a Roth is not something you invest in, it's a type of account that gets different tax treatment. Once you put your money into that account, how well it goes depends on what you invest in.

For example, I could invest in Exxon stock in a regular brokerage account or in a Roth. It's exactly the same stock and gets exactly the same return either way, but the tax rules are different depending on the type of account.
Posted by Beau Tie
Member since Oct 2012
951 posts
Posted on 1/20/14 at 10:13 pm to
Great help there. I still would like some advice if you would oblige.

So are there any insurance places I can get a Guarantee of 7% to give me a shot at this now?

I currently have a state system that I contribute 8% because its required but I have no clue what my pay will be when I retire. I have money from a 401k with a previous company that I have yet to rollover anywhere. It's more that the $5,500 for a Roth. I was thinking about putting some in a Roth if I could and not sure what else I could do.
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