The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Is Roth IRA good if only eligible 2 tax year Date:  1/30/2004  9:11 PM
Author:  2old4bs Number:  38849 of 78166

Yes, I think it's a good idea to contribute to the Roth. I was only able to do it for 2 years also. I'm approaching the 5 year mark, when I can take withdraw without penalty--not that I'm planning it, but it gives me some peace of mind to know that if I do need some money, that money is there for the taking, penalty and tax free. I'm going to be paying enough taxes during retirement on the withdrawals from my 401K savings (which will be rolled into an IRA)--I figure that every non-taxable withd