Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "What's the point of an IRA"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I'm sure this is a stupid question, but I don't get the point of an IRA if you make over the limit to take a tax deduction. Aren't you just better off investing your money in a mutual fund, which doesn't have all the limitations of an IRA? Perhaps the answer is that an IRA grows tax free, but what does that really mean -- just that you aren't taxed on the dividends that are reinvested every year? That seems like a pretty minimal amount and would have to be weighed against the dispersement rules for IRAs. Like a mutual fund, you are still taxes on your capital gains when you withdraw money right? Please help this investing novice![/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
