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| miete420 |
 Posted: Tue Dec 12, 2006 6:11 am Post subject: Roth IRA |
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Investing Associate
Joined: 27 Sep 2006
Posts: 13
This Month: 0
6605.68 e$
Net worth: 11,376.78
Portfolio Value: 4,771.10
Monthly Return: -17.22%
Trades this month: 0
Churn Rate: 0.00%Items
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| Does anyone know about Roth IRA's? I wanted to look into starting one. However, I don't know how much money I need to open an account or where to go. If anyone has advice on who to go through or knows the answer to my questions here let me know. thanks. |
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| frac0019 |
| Posted: Wed Dec 13, 2006 5:04 am Post subject: Re: Roth IRA |
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Investing Sr. Associate
Joined: 25 Aug 2006
Posts: 125
This Month: 0
Location: Jacksonville, FL
28684.89 e$
Net worth: 28,684.89
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| miete420 wrote: | | Does anyone know about Roth IRA's? I wanted to look into starting one. However, I don't know how much money I need to open an account or where to go. If anyone has advice on who to go through or knows the answer to my questions here let me know. thanks. |
The Roth IRA is good for people who are young and with good prospects. The reason is that when you contribute to a Roth, you're taking the tax hit today rather than paying taxes on the earnings in your Roth account in the future.
If you believe your income will rise and push you into a higher tax bracket, then you're paying income tax on your contribution today at a lower rate and avoiding the tax later on when you're in a higher tax bracket. But whether a Roth is best for you will depend on your own financial situation, including your tax bracket, your other income sources, and your other investments.
You can contribute an amount less than $3,000. |
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| miete420 |
| Posted: Wed Dec 13, 2006 8:51 am Post subject: |
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Investing Associate
Joined: 27 Sep 2006
Posts: 13
This Month: 0
6605.68 e$
Net worth: 11,376.78
Portfolio Value: 4,771.10
Monthly Return: -17.22%
Trades this month: 0
Churn Rate: 0.00%Items
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| zerolikedis |
| Posted: Tue Dec 19, 2006 12:11 pm Post subject: |
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Investing Manager
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| i use scottrade for my roth. no fees and pleanty of ntf funds. you can contribute up to 4000 a year as long as you made that much(reported) during the year |
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| mastermike311 |
| Posted: Mon May 21, 2007 6:18 am Post subject: |
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Investing Associate
Joined: 15 May 2007
Posts: 19
This Month: 0
9631.93 e$
Net worth: 9,631.93
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Thansk for the good info. |
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