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Saturday, May 2, 2009

ROTH IRA A Tax Free Arrangement.

A Roth IRA is an individual retirement plan that can provide you with tax free income.  You can put up to $6,000 in these accounts and invest the money in most anything you want.  There are no age limits but there are income limits to be elligible to contribute.  Also you never have to take your money out of this kind of IRA.  you can leve your mney in these for as long as you live.  If you do not have a retirement plan at work try one of these at the bank or your advisor can hook you up.  You will eventually stop working so you are going to need to save.  What beeter place than a ROTH IRA.  Just leave your money in the ROTH for 5 years and keep using it until age 59 1/2 and it is tax freee income from the tax deffered growth you gained in the account over the years.  Tax Free!! I like it.  Any questions?