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Author: RV2000 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5084  
Subject: Re: Milestone on the way to FI Date: 7/22/2007 12:53 PM
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"...yes its a roth, i didnt mention that previously...because of the benefits of a can take out as much money as you put in, so lets assume i deposited 8000 in 2 years, and lets say it goes up to 1000 (corrected to 10,000), i can take 2000 out and never get taxed on it...of course i can never take more out than i have put in, but the bottomline is that i can actually access the money i earned in there to use right now and not get taxed on it..."

While this may be working out for edyboom223, I strongly discourage others from viewing their IRAs (Individual Retirement Arrangements) as simply another trading account. After all, we all were 23 once, but we all also want to retire someday. One helpful way towards a comfortable retirement is to systematically target funds specifically towards that goal......not possibly for that goal.....for that goal.

I have several friends that have had their retirement plans set-back by using retirement funds for playing the market. Kinda sad.

Just something to think about.

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