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Community: Investing Wiki

Term Of The Hour

traditional IRA Roth: Original post by Craig Woodman of Demand Media The ability to take tax-free withdrawals during retirement encourages many people to contribute to a Roth IRA. A taxpayer with a traditional IRA can get in on the tax savings by converting his account to a Roth IRA. Since most taxpayers fund a traditional IRA with after-tax money, the IRS will impose taxes and possibly penalties on the converted…

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