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Tax

Sep. 30, 2010

Roth or IRA, Which Is Better?

Can't decide on a traditional Individual Retirement Arrangement or a Roth IRA? Here are some factors to consider, by Boyd D. Hudson and Elizabeth B. Blakely.

By Boyd D. Hudson and Elizabeth B. Blakely

Since 1998, taxpayers have had the opportunity to contribute to a Roth Individual Retirement Arrangement. References hereinafter to "IRA" shall mean a traditional IRA. Unlike an IRA where the taxpayer is entitled to an income tax deduction for his contribution, no deduction is available for a Roth contribution. Like an IRA, the earnings on the Roth are not subject to current taxation. But unlike an IRA ...

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