On Thu, Apr 24, 2008 at 2:14 PM, Deanna Schneider < [EMAIL PROTECTED]> wrote:
> I think the de facto advice is to go with a Roth IRA, preferably one > that holds no load mutual funds. Of course, you'll get the whole gamut > of advice, depending on who you talk to. > You can't roll over a 401k into a Roth IRA because a Roth IRA is filled with after-tax money, and it is not taxed at all on retirement. Roth IRA's *ARE* a good thing, but I'm almost positive you can't roll over a 401k into it because you've never paid taxes on the money in the 401k. You have to put them into a standard IRA, which is what I did at one point and then eventually rolled that into my Duke 403b. Now for your CURRENT retirement savings, a Roth IRA is an excellent choice. You should give Clark Howard a call. He's got a radio show that I listen to regularly. Rick ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;192386516;25150098;k Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:259358 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
