Anavex Life Sciences Corp (AVXL)

[Bud Powell]

Yes, that is my understanding & a good way to say it.

You don't pay taxes on gains in either a regular IRA or Roth IRA. You ARE taxed on the distributions from an IRA, but not from a Roth IRA, if I'm not mistaken.

Traditional IRA - Tax-deferred, capital grows w/out being taxed. Taxes due on distribution as income. Good for high-income earners who anticipate being in a lower tax bracket at retirement.

Roth IRA - Funded w/ taxed dollars (tax paid upfront), capital grows w/out being taxed - No taxes due ever again, (write-offs for losses? I'm thinking yes, but not sure)

Regular Individual Account - Funded w/ taxed dollars, in other words, no tax write-offs. Can have (open) after retirement, taxes due on capital gains

btw, I have the bottom 2 accounts.