Berkeley CSUA MOTD:Entry 24204
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2025/04/03 [General] UID:1000 Activity:popular
4/3     

2002/3/23 [Finance/Investment, Reference/Tax] UID:24204 Activity:nil
3/22    I got this advice from a friend - is he on crack?  I always thought
        roth iras were Always A Good Thing To Do (tm):
        \_ My understanding is that the gains on Roth IRA is all yours
           while those on the Traditional IRA will be taxed.  Is that true?
           Of course for traditional, you start up with a higher base,
           since you will have the additional money you would have paid
           out as taxes if you go the Roth route.  This "additional" money
           would unfortunately be outside of any IRAs.  Of course you can
           put them in your 401k unless you maxed that one out also.
           In short, if you maxed out everything, Roth essentially let
           you tax shelter a little more money since $3000 in Roth is
           worth more than $3000 in Traditional.
           \_ Isn't there a limit on how much you can be making and still put
              $3000 in a ROTH?
        \_ WSJ's Smartmoney magazine advice on where to put your money for
           most people:
                1. Max out 401k portion with company match.
                2. Max out Roth IRA.
                3. Max out unmatched portion of 401k
                4. Other stuff.
2025/04/03 [General] UID:1000 Activity:popular
4/3     

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