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> My understanding of the benefit of a Roth is that
> you aren't taxed on the income it generates,
> unlike a standard 401(k). Am I correct?

Yup. You contribute with after-tax dollars, so when you withdraw the money, you pay no taxes.

> If that's the case, I'd rather invest the money
> Foolishly, which I think will far outperform the
> returns AMEX's mutual funds will generate. Is there
> a way I can set up the Roth so that I manage the
> money?

I don't know if you can do it with AMEX financial planners, but you certainly can do it elsewhere. If you set up a Roth IRA with a discount broker (like E*Trade or Charles Schwab), you can invest in stocks or mutual funds. If AMEX won't let you do that, you can arrange to have your IRA transferred somewhere else.
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