> Explain what is taxed on a Roth if over the next 20 years> $2000 (and more if they increase it) is put in each year.> We wouldn't pay ANY tax on the gains OR the incme even> upon distribution? Say we take it ALL out? no penny would> go to the IRS?That's the beauty of a Roth - you've already paid the tax up front, since contributions to a Roth are not tax-deductible. But when you take your distribution later, the gains are completely tax free. Keep in mind that you do have to keep your money in until you reach a minimum age (59 I believe) and also a minimum of 5 years, if I understand correctly. On the other hand, because the tax is already paid, there is no minimum required distribution at 70 1/2 like there is for a traditional IRA or 401kFelineAvenger.
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