A couple of additional points on Roth IRA's & Traditional IRA's:After the 5 year and 59 1/2 limits are reached, withdrawals are tax free from Roth's. Traditional IRA withdrawals(after 59 1/2) are taxed as ordinary income at the then current tax rate.Traditional IRA has minimum required distributions after 70 1/2. Roth's have no required minimum distributions.Any part or all of a Traditional IRA can be converted to Roth status without penalty at any age. Any converted amounted is taxed as ordinary income at the time of conversion.I have set up my retirement accounts so I can withdraw part from traditional and part from Roth to keep in a lower tax bracket during retirement. Having both Roth and Traditional IRA's keeps the minimum required distribution down also.Again refer to IRS Pub 590http://www.irs.gov/publications/p590/index.htmlDon
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