No. of Recommendations: 2
dsemmler: "Yes, contributions to a Roth IRA are made with after-tax dollars. However, the big benefit is that those investments will grow tax free! If you were lucky enough to contribute $3000 and turn it into $3 million, you would not pay any taxes on that $3 million as you made your withdrawals."

Unless, of course, the national sales tax (FairTax - 29.87% sales tax) is enacted to relace the federal income, in which case whenever your spend the money you would be paying not insignifcant taxes that would not have been due under the income tax system.

Regards, JAFO

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