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URL:  http://boards.fool.com/ltltltltlt-when-you-recieve-your-salary-10782775.aspx

Subject:  Re: IRA deposits: Educate Please Date:  4/19/1999  8:20 AM
Author:  jocave Number:  10025 of 75383

<<<<<
when you recieve your salary already taxed by the employer, Is there any advantage or disadvantage to create an IRA?
>>>>>

Not sure exactly what you're asking here. There are two types of IRA's: traditional and Roth.

If you contribute to a traditional IRA, all or part of your contribution may be deductible depending on your income. Assuming you are eligible to make a deductable contribution, you will "recover" the taxes witheld when you file. Money in a traditional IRA grows tax-free, but is taxed upon withdrawl.

If you contribute to a Roth, you are contributing after-tax money (i.e. no deduction), but withdrawls aren't taxed.
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