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Investing/Strategies / Retirement Investing
|Subject: Re: Contribution||Date: 12/11/1999 10:00 AM|
|Author: jeffy3||Number: 16123 of 77391|
"I would like to open a Roth IRA while my wife opens a Traditional IRA (in order to take advantage of the maximum tax benfit & be able to contribute when she is not working)."
>>>I would not contribute to your 401K after employer matching funds stop. I would then fund Roth IRA's.
I recommend a Roth over a traditional IRA for your wife. The benefits of tax-free distributions just cannot be emphasized enough. Then with any other funds do LTBH to take advantage of LT capital gains.
IMHO it is the most Foolish plan.
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