<<<<<when you recieve your salary already taxed by the employer, Is there any advantage or disadvantage to create an IRA?>>>>>Not sure exactly what you're asking here. There are two types of IRA's: traditional and Roth. If you contribute to a traditional IRA, all or part of your contribution may be deductible depending on your income. Assuming you are eligible to make a deductable contribution, you will "recover" the taxes witheld when you file. Money in a traditional IRA grows tax-free, but is taxed upon withdrawl. If you contribute to a Roth, you are contributing after-tax money (i.e. no deduction), but withdrawls aren't taxed.
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