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Author: jlubell Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75591  
Subject: 16 Years Old - Roth or Regular? Date: 8/27/2000 9:39 PM
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Hello, I am 16 years old, and believe it or not, I want to open a retirement account. I do not plan to EVER withdraw funds from the account. I will only put in what I am sure I will not need. No education, house, or medical distributions will be taken.

I also believe, that my AGI will surpass $95,000 eventually.
So my question is:

Do I put my money in a Roth IRA because I am in the lowest tax bracket, and when I surpass $95,000 open a regular IRA and begin to contribute money to that?

Or do I open a regular IRA account now, and just keep depositing into that account?

All help is much appreciated...

Justin Lubell
JL@LubellNY.com
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