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URL:  http://boards.fool.com/16-years-old-roth-or-regular-13200160.aspx

Subject:  16 Years Old - Roth or Regular? Date:  8/27/2000  9:39 PM
Author:  jlubell Number:  24392 of 75643

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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