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Currently I contribute the maximum 15% to my work 401k plan while my wife contributes the maximum to her SEP-IRA account (she is self-employed). In addition, we contribute any "extra" investment money in a variable annuity.

I'm kind of intrigued with this new Roth IRA plan, but I do not (obviously) fully understand it. What are the advantages of the Roth vs. the Variable Annuity? A cursory look makes them seem very similar to me. Contributions are after tax dollars, earnings are tax-deferred....

Anyway is there any reason for me to consider opening a Roth IRA in my name and contributing $2000/year to it vs. putting that $2000 in the VA? I'd appreciate any thoughts on this matter.

BTW, this is my first MF post, so be easy on me.
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