Comments on: The Difference Between a Roth IRA & Traditional IRA http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/ You haven't budgeted like this. Sat, 12 May 2012 14:35:16 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: fabrizio http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-5182 fabrizio Sun, 08 Apr 2012 21:50:52 +0000 http://www.youneedabudget.com/blog/?p=110#comment-5182 Thanks for a brief explanation. I tire of hearing the blabber about benefits of IRAs of either kind. Their main benefit it to make you think you have more money than you really do. It all comes down to whether your Income tax rate will be higher in the future than now, or lower. If lower, IRAs are good ('cept for MinReqdDistribs), if higher , the ROTH. Used to be we all thought tax rates in retirement would be lower than while working, but with shifting of tax burden to middle class, rapidly rising medical costs (even if insured), and the failure of the third leg of the retirement stool (private pensions), a sure-fire answer is far from obvious. Just don't get fooled by thinking that the big $$ in your IRAs are really yours... you've not paid taxes on them yet. Thanks for a brief explanation. I tire of hearing the blabber about benefits of IRAs of either kind. Their main benefit it to make you think you have more money than you really do. It all comes down to whether your Income tax rate will be higher in the future than now, or lower. If lower, IRAs are good (‘cept for MinReqdDistribs), if higher , the ROTH.

Used to be we all thought tax rates in retirement would be lower than while working, but with shifting of tax burden to middle class, rapidly rising medical costs (even if insured), and the failure of the third leg of the retirement stool (private pensions), a sure-fire answer is far from obvious.

Just don’t get fooled by thinking that the big $$ in your IRAs are really yours… you’ve not paid taxes on them yet.

]]> By: Hondo http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-4842 Hondo Thu, 22 Mar 2012 17:30:50 +0000 http://www.youneedabudget.com/blog/?p=110#comment-4842 First, let me thank you for your explaination. Secondly let me say that I understood you perfectly. The person(s) trying to correct your english should get a life. English is not perfect in any way, its derived from many different languages, and make the best of all of them. The people that try an correct others should do it respectfully and as a courtesy, not an insult. If you want to help someone, make suggestion not insults. Enough said, I again want to thank you for your time and effort, and overall contribution to the difference of IRA -vs- ROTH. First, let me thank you for your explaination. Secondly let me say that I understood you perfectly. The person(s) trying to correct your english should get a life. English is not perfect in any way, its derived from many different languages, and make the best of all of them. The people that try an correct others should do it respectfully and as a courtesy, not an insult. If you want to help someone, make suggestion not insults.
Enough said, I again want to thank you for your time and effort, and overall contribution to the difference of IRA -vs- ROTH.

]]> By: mike http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-4450 mike Tue, 14 Feb 2012 20:09:02 +0000 http://www.youneedabudget.com/blog/?p=110#comment-4450 Who invited the English teacher? I wasn't yawning until he replied! Who invited the English teacher? I wasn’t yawning until he replied!

]]> By: Boricua http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-4388 Boricua Wed, 08 Feb 2012 04:39:13 +0000 http://www.youneedabudget.com/blog/?p=110#comment-4388 Great Article and Very Easy to understand. Blow off any negative comments. Like I always say: some people wake up miserable. Great Job. Great Article and Very Easy to understand. Blow off any negative comments. Like I always say: some people wake up miserable. Great Job.

]]> By: Anonymous http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-324 Anonymous Thu, 01 Sep 2011 14:58:28 +0000 http://www.youneedabudget.com/blog/?p=110#comment-324 This was really helpful, too bad my husband did not know this when he invested in the traditional ira; his heart was in the right place though. I recently converted the traditional to a roth, and the taxes were high..really high. The other thing was that I had to use another source to pay the taxes; they could not be paid from the money in the traditional ira. That was a hard pill to swallow. Thank you for making this so understandable. You sound like a smart kid...you go!!! I don't care about the grammer...in my book you did something really good for all of us who need answers. I'm not so hot in grammer either, but I'm a little smarter because of you. This was really helpful, too bad my husband did not know this when he invested in the traditional ira; his heart was in the right place though.
I recently converted the traditional to a roth, and the taxes were high..really high. The other thing was that I had to use another source to pay the taxes;
they could not be paid from the money in the traditional ira. That was a hard pill to swallow.

Thank you for making this so understandable. You sound like a smart kid…you go!!! I don’t care about the grammer…in my book you did something really good for all of us who need answers. I’m not so hot in grammer either, but I’m a little smarter because of you.

]]> By: grump bear http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-323 grump bear Tue, 19 Apr 2011 18:11:21 +0000 http://www.youneedabudget.com/blog/?p=110#comment-323 Grammer,shrammer! Using the word "dumb" means the person is deaf not necessarily stupid but applies to the grammer slammer.Best to keep thy head tucked between your legs where it belongs & if anyone needs your advise they won't ass-k.You are usually the guy hiding in the corner of social gatherings,invited out of pity, who has conversations with himself. Jesse did a great job with nice graphics to boot & thank you. Grammer,shrammer! Using the word “dumb” means the person is deaf not necessarily stupid but applies to the grammer slammer.Best to keep thy head tucked between your legs where it belongs & if anyone needs your advise they won’t ass-k.You are usually the guy hiding in the corner of social gatherings,invited out of pity, who has conversations with himself. Jesse did a great job with nice graphics to boot & thank you.

]]> By: Jeff http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-322 Jeff Fri, 18 Feb 2011 04:25:02 +0000 http://www.youneedabudget.com/blog/?p=110#comment-322 Why is that guy bustin your chops over grammatical errors, I think he is jealous of your intellect. There is always somebody out there to try to tear another person down "Yo" Why is that guy bustin your chops over grammatical errors, I think he is jealous of your intellect. There is always somebody out there to try to tear another person down “Yo”

]]> By: Rule One + Rule Two = Present You + Future You = New You http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-321 Rule One + Rule Two = Present You + Future You = New You Fri, 11 Feb 2011 18:21:07 +0000 http://www.youneedabudget.com/blog/?p=110#comment-321 [...] you’ll need to spend less on clothes. If you want to increase your monthly contribution to a Roth IRA, you’ll need to spend [...] [...] you’ll need to spend less on clothes. If you want to increase your monthly contribution to a Roth IRA, you’ll need to spend [...]

]]> By: Satinder Gill http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-320 Satinder Gill Mon, 13 Dec 2010 17:37:59 +0000 http://www.youneedabudget.com/blog/?p=110#comment-320 Very good article and very easy to understand. This article really made me understand the difference between Roth and traditional IRA. Simple spelling mistakes has nothing to do in the financial world as long as you understand the subject matter. Thanks again for the good article. Very good article and very easy to understand. This article really made me understand the difference between Roth and traditional IRA. Simple spelling mistakes has nothing to do in the financial world as long as you understand the subject matter. Thanks again for the good article.

]]> By: DJ http://www.youneedabudget.com/blog/2005/the-difference-between-a-roth-ira-traditional-ira/#comment-319 DJ Mon, 30 Aug 2010 00:04:35 +0000 http://www.youneedabudget.com/blog/?p=110#comment-319 I think this was a great article so thanks for posting it out in cyberland. To the horse's ass grading the gramatical content of this article most of us don't start out "beating up" someone for their grammar by addressing them as "dude". In financial matters I would rather have someone who makes a few errors, grammar wise, than a few errors with my finances. Did you acutally get anything out of the article or did you print it and take out your red pen and make merry with yourself while grading it? I think this was a great article so thanks for posting it out in cyberland. To the horse’s ass grading the gramatical content of this article most of us don’t start out “beating up” someone for their grammar by addressing them as “dude”. In financial matters I would rather have someone who makes a few errors, grammar wise, than a few errors with my finances. Did you acutally get anything out of the article or did you print it and take out your red pen and make merry with yourself while grading it?

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