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Author: trudyKAS One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78028  
Subject: Re: Roth IRA bad idea? Date: 1/21/1999 6:56 PM
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Helo Jimmy83

Your financial advisor may be right, but on the other hand, is he voicing an opinion, or has he considered and discussed the comparisons?

Everyone has a different situation with different goals.

A Roth is always a winner over the long term, but how long is your investment horizon?

Paying your marginal tax rate in taxes on $2,000 a year up front is likely to cost you a lot less overall than paying your marginal tax rate on a considerably greater amount after a number of years outside a Roth.

Is this money you are planning to access soon or much later or not at all (saving it for your heirs)?

Set up several scenarios and check them out on one of the various Roth calculators on line.

You should always take advise but act on your own decisions.
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