Roth IRA

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Hi There! Can some friends from finance/money-managing fields shed some light on what Roth IRA is and what are some of the areas that a newbie can get into. I want to start investing for the future but have no knowledge about this field. I opened an IRA account last week but don't know what to do next. There are just so many options that I don't really know what to select or do. I will be grateful for some serious advice. Thank you in advance. Kailo

kailoketa · May 17, 2013 10:04 PM · 14,227 views

5 Replies

I have used vanguard and selected age based retirement model and account. It was very user friendly.

Yuvaraj · May 18, 2013 6:29 AM

 @Kailoketa - If you can contribute some towards IRA that can be tax deductable . What i have heard is also you can move your 401 K and invest it towards Roth IRA which has many options than your Employer has . If you are paying tax ( while doing tax ) before 15th april you can put contribute so you can pay less tax on that sump of money you invested towards IRA .  Invest in gold rather than IRA from my view while gold are very low right now . 

pokhrelikanchi · May 19, 2013 1:43 PM

Unlike contribution towards traditional IRA contribution towards Roth IRA is NOT tax deductible. This is one of many differences between traditional and Roth IRA .

Yuvaraj · May 19, 2013 2:01 PM

thank you yuvaraj and pk for ur valuable comments. i am doing a bit of research this week and hope to reach a conclusion about my elections soon.

kailoketa · May 19, 2013 2:45 PM

 please share with us once  get exact info 

Pokhrelikanchi · May 19, 2013 2:48 PM

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