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Author: Mark0Young Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76420  
Subject: Re: Roth IRA Contributions Date: 4/19/2000 2:02 AM
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Your brother is wrong.

The "Roth IRA" is an account type. Think of it as a container. You can put $2000 in that container for each tax year you qualify.

As long as the money and any earnings based on investments of that money remain in the container, it can continue to grow. Even if you buy and sell stocks, bonds, mutual funds, etc., and realize gains or dividends, as long as those gains and distributions remain within that container, there is no tax consequence.

The only time IRS looks upon it as a distribution is when you take money out of that container.

If you want a site specific to the Roth IRA, you may want to check out http://www.rothira.com
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