Roth IRA Basics
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A Roth IRA is one of the best retirement ideas to come out of Washington DC in a long time.
The basics of the Roth IRA are:
- Money is taxed before it goes into the Roth investment account.
- Yearly income must be below a certain amount, for 2006 it was $160,000 per year.
- Money is not taxed upon removal for retirement purposes.
If you want to do some research on the Roth IRA, below are some great places to start.