> My understanding of the benefit of a Roth is that> you aren't taxed on the income it generates,> unlike a standard 401(k). Am I correct?Yup. You contribute with after-tax dollars, so when you withdraw the money, you pay no taxes.> If that's the case, I'd rather invest the money> Foolishly, which I think will far outperform the> returns AMEX's mutual funds will generate. Is there> a way I can set up the Roth so that I manage the> money?I don't know if you can do it with AMEX financial planners, but you certainly can do it elsewhere. If you set up a Roth IRA with a discount broker (like E*Trade or Charles Schwab), you can invest in stocks or mutual funds. If AMEX won't let you do that, you can arrange to have your IRA transferred somewhere else.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra