Understanding the Roth IRA
Case studies, a calculator, and an interactive graph to compare a Roth IRA with a traditional deductible IRA
http://www.moneychimp.com/articles/rothira/rothintro.htm
Excerpt:
... A Roth IRA is an Individual Retirement Account that provides tax-free growth. As a result, its the simplest - and potentially the most effective - sheltered account imaginable.
Like a deductible IRA, Roth gives you the advantage of getting taxed only once, rather than twice (or more) as with a regularly-taxed investment account. Here is a summary of how it works
Your principal may be subject to taxes on dividends and capital gains as it grows
You pay capit...
Like a deductible IRA, Roth gives you the advantage of getting taxed only once, rather than twice (or more) as with a regularly-taxed investment account. Here is a summary of how it works
Your principal may be subject to taxes on dividends and capital gains as it grows
You pay capit...