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Posted by William Brenner on May 29, 2008, 2:08 pm
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Interesting article. Please note that I have no opinion,
nor do I take any responsibility for its accuracy or lack
thereof. I shall let the experts decide that.
Note: This does not appear to be a scam scheme. The source,
"Motley Fool", is a legitimate -- if sometimes too cute --
stock market news letter which often appears in Yahoo! Finance.
http://tinyurl.com/6htxks
Bill
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Posted by removeps-groups@yahoo.com on May 29, 2008, 2:55 pm
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> Interesting article. Please note that I have no opinion,
> nor do I take any responsibility for its accuracy or lack
> thereof. I shall let the experts decide that.
>
> Note: This does not appear to be a scam scheme. The source,
> "Motley Fool", is a legitimate -- if sometimes too cute --
> stock market news letter which often appears in Yahoo! Finance.
> http://tinyurl.com/6htxks
Why the above URL?
It's correct. Fool.com often uses catchy headlines to grab your
attention or to find a new way of thinking about the same old thing.
The Roth IRA lets you withdraw money tax free. If you start a Roth in
your 20s and invest 4k a year, then in your 60s you might have $2
million in it. But you should likely manage it on your own and buy
the right stocks and bonds directly. All earnings are tax free. Of
course you put 4k a year into it (5k, 6k, etc in future years) and
have paid taxes on it -- say you got 7k salary, pay 3k salary on it,
then put the remaining 4k into a Roth. So if the stock price goes up,
or you receive dividends, then your gain is tax free.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by PeterL on May 29, 2008, 3:23 pm
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> Interesting article. Please note that I have no opinion,
> nor do I take any responsibility for its accuracy or lack
> thereof. I shall let the experts decide that.
>
> Note: This does not appear to be a scam scheme. The source,
> "Motley Fool", is a legitimate -- if sometimes too cute --
> stock market news letter which often appears in Yahoo! Finance.
>
> http://tinyurl.com/6htxks
>
> Bill
>
The Motley Fools is kind of an online version of Money Magazine,
marketed to beginning investors. Nothing new in this article, and
they ignored the required distribution from your IRA acct. at 70 1/2
yr old.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by joetaxpayer on May 29, 2008, 3:46 pm
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PeterL wrote:
> The Motley Fools is kind of an online version of Money Magazine,
> marketed to beginning investors. Nothing new in this article, and
> they ignored the required distribution from your IRA acct. at 70 1/2
> yr old.
From the Fool art. "Unlike traditional IRAs, Roth IRAs don't force you
to take money out if you don't need it. "
Roth has no 70-1/2 rule, but does force non-spousal beneficiaries to
withdraw over their lifetime. A 20 yr old can Roth, die at 100, leave it
to a newborn, who with draws over his 120 year lifetime, so it's really
a 200yr plan. (Of course I say this tongue in cheek).
Joe
www.blog.joetaxpayer.com
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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