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Alias Born 11/03/2008

Re: traderdon post# 1561

Wednesday, 11/12/2008 3:16:24 PM

Wednesday, November 12, 2008 3:16:24 PM

Post# of 42851
Woudnt you rather NOT pay tax on this WAMPQ windfall???

Trading in a Roth IRA is the same as any regular margin acct...except you get tax benefits. Dont be afraid of it.

Its one of the few tax benefits avail anymore to regular people. You pay income tax upfront, in exchange for tax free withdrawls at the end.

Think about it. Would you rather pay tax on the initial $2000 investment, or later when you withdraw the money...when it is 1 million dollars. Id rather pay the lower tax amt on the initial nvestment. Who wants to pay tax on 1 million?/?

You can invest in anything in the IRA...DOESNT HAVE TO BE STOCK...it can also be cash, gold bullion, houses, property, ETC.

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