When Do You Pay Taxes On A Roth Ira ?
Roth IRA is quite different from a traditional IRA. In this particular retirement plan, you pay tax when you get into the plan rather than when you are taking the distribution. In order to establish a Roth account, you will need to approach a broker. You can make a payment of up to $5,000 for 2009 and 2010 for the plan in case you are less than 50 years of age, and the contribution is up to $6,000 for people who are 50 years and above. More...
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