Know the Advantages of Owning a Roth
The Same Contribution
The same contribution limits exist for a Roth as for a traditional IRA, but there are tremendous advantages to owning a Roth. It is your first step toward getting rich slowly.
For more information, search Roth IRA or go to the IRS web page on Roth Accounts.
Reasons to Roth
Are you subject to 3.8% Medicare Tax, (NIIT)
Are you over age 72
Even Children can open a Roth
Consider an IRA Conversion
What is Your Estate Plan
You can withdraw contributions from your Roth --Tax-Free--
Do you expect your taxable income to increase
Reasons Not to Roth
Will the immediate tax savings from a tax-deductible IRA earn you more money than the future tax savings of a Roth?
--A Roth IRA uses your wages and savings to exchange a tax today that will avoid a tax tomorrow--
Before you decide, consult a certified financial planner.