kylewill on Mosio
kylewill


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13 Qs, 3 As, 0 FYIs
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kylewill's answers.
What is the difference between a Roth and Traditional IRA? Join or Log In to answer.
Traditional IRA is primarily an individual savings plan. Contributions are made up to a specified limit with the contribution tax deductible
-modcom (59Q / 15624A) Wed Dec 5, 2007 3:18pm


A Roth IRA is also primarily an individual savings plan. Contributions can be made up to a specified limit on a non-deductible basis
-modcom (59Q / 15624A) Wed Dec 5, 2007 3:19pm


This means, you can make a contribution to your Roth IRA but not take a deduction on you income tax for the contribution like you can with a traditional IRA
-modcom (59Q / 15624A) Wed Dec 5, 2007 3:19pm


Withdrawals are tax free within certain limitations. Withdrawals can be made without penalty once your reach the age of 59 1/2 provided the funds have been in the account for 5 years
-modcom (59Q / 15624A) Wed Dec 5, 2007 3:20pm


Unlike a traditional IRA, you can continue contributing to a Roth IRA even if you have reached the age of 70 1/2
-modcom (59Q / 15624A) Wed Dec 5, 2007 3:20pm


WOW! you're helping me kill it on my exam studying!
-kylewill (13Q / 3A) Wed Dec 5, 2007 3:23pm


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Did Brad Pitt ever get nominated for an Oscar? Join or Log In to answer.
yes, and he even won it with the movie Babel
-kylewill (13Q / 3A) Wed Dec 5, 2007 1:08pm


Yes for Babel
-modcom (59Q / 15624A) Wed Dec 5, 2007 1:08pm


he was also nominated for best supporting actor in twelve monkeys (1995)
-kylewill (13Q / 3A) Wed Dec 5, 2007 1:10pm


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