No. of Recommendations: 0
I just read in this month's Moneypaper "Choosing the Roth means forgoing a tax deduction for the current year, but all future growth will be tax-free when you finally begin withdrawals. That's a powerful incentive, and the attraction is clearer for current contributions and for future contributions ($2,000 or $4,000 for a couple)".

Does this mean Roth is $2K for individual and $4K for joint account? Hmmmm...

I am setting up my Roth IRA directly thru Vanguard (bypassing the broker) and using the Growth Index fund next month, and I'll give you the heads up on it when I call Scott back on how exactly to set up my account with my spouse (so it automatically transfers over to her name so the gov't doesn't get the cash if I bite the big one prematurely).

I chose Vanguard because of its low fees - .19 for the 500 Index & .20 for the Growth Index funds and a $10 annual account maintenance fee (the $10 is waived when your account grows to $50K). There are NO 12b-1 fees and NO stockholders to pay.

Good luck!
DY :)
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