The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/gtgt-no-you-pay-tax-now-on-the-after-tax-14715175.aspx

Subject:  Re: No-deductible IRA contribution Date:  4/6/2001  10:36 AM
Author:  karisxu Number:  28943 of 75376

>> No. You pay tax now on the after-tax contribution, becasue it is income earned this year. Over time, that contribution will (hopefully) grow. When you withdraw the money, you will pay tax only only the gains and pre-tax contributions, not on after tax contributions.

Thanks. Do you know where did you read this? I was trying to find some information about that.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us