Roth IRA's

[LongArm]

Originally Posted by agut

It is not fully tax free, if you do not pay taxes while contributing, you will have to pay later, when you will be withdrawing your savings.

Uh, no. Roth contributions are ALWAYS after-tax. And qualified withdrawals are ALWAYS tax-free.

[chet everett]

Originally Posted by LongArm

Uh, no. Roth contributions are ALWAYS after-tax. And qualified withdrawals are ALWAYS tax-free.

Retroactive Tax Increases and The Constitution

[LongArm]

Until they change the rules, anyway.

[blu_monk]

Originally Posted by golfgal

...but the majority of the people use a mutual fund with the Roth and more people understand what mutual funds are so explaining it is easier.

NO! A Roth IRA is NOT a mutual fund, it has NOTHING to do with mutual funds.

A Roth IRA is an investment account that grows tax free. You pay tax on the money you put in, and no tax on withdrawals after age 59 and 1/2.

I manage my own Roth IRA through a brokerage firm. I have cash, CDs, individual stocks and mutual funds in my Roth IRA.
There are no fees associated with opening up a Roth IRA or maintenance or transfers, at my broker.