Skip to main content
No. of Recommendations: 3
I have $1000 that I want to start investing for retirement. I have already picked a fund that I have been researching but here's the problem:Roth or Traditional IRA?! I'm so confused my heads gonna explode! Here's the facts: I'm turning 40,both my husband and I are self-employed w/no employees. He's a contractor that works alone, I am in direct sales (party plan consultant). I'm not clear if the tax bite of the next 20 years would be worth it or no big deal. People who advise me to do the Roth say: "Pay the taxes now so you get it all at the end!" (But do I want to pay more taxes everyear?) The ones who advise the Traditional say: "Why give the government the taxes for the next 20-30 years? Let it grow tax-deferred then let them take their cut"
Please Help Me!!!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.