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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 :)
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