Investing 102

[jeff71]

Wow... theirs a lot of info to read through here.

I read through about 15 pages and didn't see much on Roth IRA's. I listen to Dave Ramsey daily and he swears by Roth's.

Greg whats your thoughts?

[Bow Tie 67]

Originally Posted by jeff71

Wow... theirs a lot of info to read through here.

I read through about 15 pages and didn't see much on Roth IRA's. I listen to Dave Ramsey daily and he swears by Roth's.

Greg whats your thoughts?

I'll try to quote Greg correctly " Best gift the government gave us "

[toy71camaro]

Originally Posted by Bow Tie 67

I'll try to quote Greg correctly " Best gift the government gave us "

i was going to say something similar.. but, didnt want to misquote him. heheh.


If i recall.. Roth IRA = THE BEST.. you pay taxes now, and if your money grows to hundreds/thousands/millions later, you dont have to pay squat on that when you take it out.

But, there is some wiggle room, where it may make more sense to contribute to a company 401k/pre-Tax ira. if your on that "tax bubble" amount, and dumping money into a 401k can lower your tax bracket, it may be a wise decision to do that.. but thats something you'll have to look into, and decide.

[GregWeld]

Originally Posted by jeff71

Wow... theirs a lot of info to read through here.

I read through about 15 pages and didn't see much on Roth IRA's. I listen to Dave Ramsey daily and he swears by Roth's.

Greg whats your thoughts?

Pound as much money into a ROTH IRA as the law will allow! Best thing that ever happened to the American public!

Put in AFTER TAX money -- allow it to grow to retirement and beyond - and pull it all out tax FREE.... Mana from heaven man!