IRA America 1999 $2,000 Contributory ROTH

$2,000 Contributory ROTH
Which IRA do you want? The ROTH or the Traditional IRA?

In general and if eligible, The ROTH is better for savings than is
the Traditional Regular IRA unless a tax deduction is needed.
The ROTH is a benefit-related savings program while the Traditional IRA
is a tax-related savings program. The following compares the two with the long term benefits of each being obvious:

Credit Union Address Book
Table of Traditional IRA

ROTH contributions, like deposits to a regular savings account, are not tax deductible yet all contributions, whenever withdrawn, are free of all Federal income and penalty taxes. There is no required 5 year or other holding period. All ROTH earnings withdrawn after 5 years and age 59 ½ are free of Federal income and penalty taxes.

If your personal reasons for having a savings program include:

To save in a tax-shelter to buy your first home because these savings will grow faster and you have not owned a home for over two years or
To build a large and tax-sheltered retirement fund with no future income taxes for you or your heirs,

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Enroll in the 2000 $2,000 Contributory ROTH