UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: nittanylion100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76882  
Subject: ROTH IRA QUESTION? Date: 12/24/2001 7:43 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
This issue confuses the heck out of me. The Roth IRA seems like a great idea for my wife and I. I am 33 and she is 32 and we want to start retirement accounts to supplement the pensions we are building. Right now my wife and I are making well below the allowable AGI of $160K. What happens if for example in 2015 my wife and I are making more than the allowable AGI? Can we take the earnings of the investments we made while we were under the allowable AGI tax free when we retire? Do we lose the tax free benefit for our previous investments once we go over the AGI? I foresee us going over the allowable AGI at some point in the future? Should we not even consider the ROTH IRA based on the fact that we will probably go over the AGI at some point? Please help. Thank you.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Berkshire Hathaway

Buffett's Biggest Mistake
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.