Tag Archives: roth ira withdrawal

Should you Use a Roth IRA or a 401K?

Should you Use a Roth IRA or a 401K?

Posted on 20. Jan, 2011 by .

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A Roth IRA and a 401K are two popular tax-advantage retirement accounts. Tax-advantage accounts are benefits from the government. In some way or another, money doesn’t get taxed, which puts more money in your pocket. The money isn’t available until after a certain age, except with a tax penalty. Which should you choose? What is [...]

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An Roth IRA Withdrawal is Tax-Free

An Roth IRA Withdrawal is Tax-Free

Posted on 16. Aug, 2010 by .

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To encourage the average taxpayer to save towards his or her retirement, the federal government passed a new IRA late in the 1990s. This IRA is called the Roth IRA after the sponsor, Senator Roth. The contributions to the IRA are $5000 or $6000 for taxpayers 50 and older. These taxpayers do not receive any [...]

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