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Suze Orman Looks At The New Tax Laws

We get a lot of questions and inquiries on the different types of IRA accounts.   I hope everyone will review our IRA section. 

Suze Orman give us some valuable information on the new tax laws and her view of the Roth IRA.

I think that the Roth IRA is one of the best investments, period. There's no initial tax deduction for the money you put into a Roth, but your investment grows tax-deferred, and assuming you follow simple rules, you will be able to withdraw all your money after you turn 59 1/2 without paying a penny in income tax.

And hey, if you need some money before you are 59 1/2 , your Roth can be a great emergency fund: You can always withdraw any amount that you invest regardless of your age or how long the money has been in there without taxes or penalties. It's just the earnings on your contributions that need to stay put to avoid a penalty and tax for early withdrawals.

Posted on Monday, June 12 by Registered CommenterWise Owl in | Comments Off