UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: draggon Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76894  
Subject: Variable Annuity vs. Roth IRA Date: 9/30/1997 9:35 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | 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:
Macro Economics

Remembrance and Reflections
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.