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Can somebody explain why people are crazy for Roth IRAs?

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  • #31
    hmmm

    never read the paper work

    doesn't really matter to me anyway
    Monkey!!!

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    • #32
      I personally don't like it at all when the IRA becomes wroth. They tend to start bombing churches.
      1011 1100
      Pyrebound--a free online serial fantasy novel

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      • #33
        Irish Car Bombs
        Monkey!!!

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        • #34
          Irish Coffee
          "Just puttin on the foil" - Jeff Hanson

          “In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy Carter

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          • #35
            Originally posted by Japher
            Irish Car Bombs
            Car bombs will mess you up right quick.
            12-17-10 Mohamed Bouazizi NEVER FORGET
            Stadtluft Macht Frei
            Killing it is the new killing it
            Ultima Ratio Regum

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            • #36
              I'm not allowed to drink them anymore

              damn things expand the minute it hits stomach acid
              Monkey!!!

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              • #37
                Summary of this thread:

                Roth IRAs sorta suck, unless you have a specific reason to use them
                401k's rule
                Mutual funds suck ass
                Car bombs rule

                12-17-10 Mohamed Bouazizi NEVER FORGET
                Stadtluft Macht Frei
                Killing it is the new killing it
                Ultima Ratio Regum

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                • #38
                  Big Roth Problem

                  Everyone would lik to think they will get rich. For people with very large retirement account, the Roth typically does better. Thus, people think Roth is better for them because they fantasize themselves having a big retirement account in the future.

                  Also, I have no confidence that a future government won't decide to tax Roths when it is short of money.

                  I have a very small Roth IRA. I funded it when I was eligible and only did it because I was maxing out my 401K at the time and did not qualify for a regular IRA. Since that time, I no longer qualify for a regular IRA or a Roth IRA.
                  “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

                  ― C.S. Lewis, The Abolition of Man

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                  • #39
                    I'm buying a lottery ticket today
                    Monkey!!!

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                    • #40
                      From what I remember from my tax course last year Roths are better for the higher income groups as pchang says. It has to do with tax brackets I think. We didn't study it too much though. I just remember my professor saying something about it.
                      I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                      - Justice Brett Kavanaugh

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                      • #41
                        Originally posted by Japher
                        hmmm

                        never read the paper work

                        doesn't really matter to me anyway
                        READ your paper work!! It can save you (and my agency ) a lot of headaches.
                        “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
                        - John 13:34-35 (NRSV)

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                        • #42
                          naw... it's ok
                          Monkey!!!

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                          • #43
                            because you don't have to pay taxes when you withdraw the money. Your money is already taxed.

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