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wrote a question about CDs last week but it has disappeared altogether! My question is this, is one taxed unmercifully on the cash earned from a CD? And, on other question, if I buy a CD with the cash in my Roth account, does the interesst I earn count toward the $4500 limit?

All interest/dividends on bonds (except munis) and other fixed-income options such as money markets and CDs are taxed at your marginal tax rate in a taxable account. US Savings bonds delay taxes until you cash in, but at this point they pay so much less in interest it usually isn't worth it (at the moment they may actually be a good deal, but won't be come May).

Earnings on Roths, IRA, or retirement accounts are not part of the contribution limit. THat's just new money.
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