Yes but the growth is considered tax-free... if it was a normal investment account you would pay taxes on the money. In the end the numbers always come out in your favor on a Roth.
-J.J. On Mon, Oct 5, 2009 at 7:48 AM, G Money <[email protected]> wrote: > > On Fri, Oct 2, 2009 at 10:50 PM, Gruss Gott <[email protected]> wrote: > >> >> I just ran across another sweet Bush-era giveaway: the 2010 Roth IRA >> conversion. >> >> In case you are't familiar, Roth IRAs are tax-free savings accounts >> for anyone making $100K or less. >> > > Nothing is tax free. Roth's are funded with after tax income. > > -- > Wake up to find out that you > Are the eyes of the world > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:305098 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
