No. of Recommendations: 3
All your points are well taken, but the thing that struck me is that at my age, I have a choice of investing through a standard brokerage account (depositing post-tax money and paying taxes on all gains) or I can put that same money (up to 6K per year) in a Roth and pay no taxes on future gains. In both accounts, I have no limitations on withdrawals. I just realized these facts a month ago and am glad I did before April 15 so that I was able to get my 2011 contribution made. Before I realized this, I was wary of putting too much in "retirement" accounts because of the mistaken idea that I would be penalized for withdrawals prior to "retirement". But the trigger for no-penalty withdrawals is 59 1/2 and 5 years of having a Roth, not "retirement". It was a revelation for me.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement