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Short Video on Roth IRS
There is no perfect retirement plan, but a Roth IRA comes close.
By knowing the advantages and disadvantages of each, you can make the right choice. A Roth IRA is just one option.
A Roth Individual Retirement Account (Roth IRA) is a personal retirement savings plan.
The pros: Your money in a Roth IRA grows tax-free forever--you won’t pay any tax on withdrawals when you retire--and your investment choices are nearly limitless.
The cons: You can only contribute up to $5,000 per year (in 2006) to your Roth IRA. You can contribute another 500 bucks if you’re over age 50. And you may not be able to contribute at all if your income exceeds certain limits.
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