Sino Agro Food Inc (fka SIAF)

[viking86]

i am not talking about age below 59. I did my own research and talked to the retirement advisor of both my bank and my brokerage firm. They confirmed the info I posted here as true for my case (age > 59). I can contribute the max allowed limit of $6,500 (after tax money) per year in my Roth account and as long as I leave the investment in the Roth account for 5 tax years I can withdraw at any age and any time taxfree. That is the big difference from a regular IRA where you are taxed upon withdrawal but can deduct the annual allowed amounts for tax purposes (IOW you invest pre-tax money). So even when I reach age 75 I can start buying a stock for max $6,500 per year and withdraw at Age 80. You can Google all that info as I did and confirm it with an IRA/Roth investment expert if you want.