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Old 02-04-2001, 10:27 PM
beck beck is offline
LawnSite Senior Member
 
Join Date: Sep 2000
Location: St. Louis, Mo
Posts: 399
Zimm4

I am just curious as to why you would continue with the traditional IRA and not start a roth IRA. I would rather pay taxes on $2000 worth of income this year as opposed to what it accumulates to in 20...30...40 years from now.

$2000 a year at 8% interest for 45 years (in my case). would equal $90,000 invested and $773,011.23 value at retirement. which would you rather pay taxes on?
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