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One clarification. The ROTH tax free IRA

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Goldrush2001   Thursday, 09/19/19 07:53:25 PM
Re: Gator532 post# 526
Post # of 748 
One clarification. The ROTH tax free IRA is free when you withdraw from it. You still pay taxes on all money you contribute to it,

Also no taxes are due on profits you make by investing, interest, etc.

But, also no tax loss can be claimed if you lose the money in it.

And do your own due diligence and research. I am not a tax advisor. Study the IRS publications and check with your tax advisor.

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