Notes of traditional IRA, Roth IRA and Infinite Roth on Roids (TM) comparing the contribution limit amounts, earned income limits, tax deductibility provisions and age of forced withdrawals, early withdrawal tax penalties, growth period, risk assessment, tax distribution amounts and consequences of estate taxes of each IRA strategy. These notes apply to the tax year 2008 and 2009. Traditional IRA: Contribution Limit Amount-$5,000 + $1,000 if age 50 and above ($6,000)…
Original text: Compare Traditional IRA, ROTH IRA, Infinite ROTH on ROIDS (TM)