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In response to
"I don't know!"
by
Stephen
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traditional IRA, your contributions are pre-tax but the distributions are. with a Roth, contributions are after-tax but distributions are tax free
Posted by
pixitude (aka chris)
Apr 12 '12, 11:15
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most people choose to take the tax hit now, and opt for a Roth IRA
a brokerage firm like T. Rowe Price can set up an account that adjusts your holdings over time, so that when you are younger it is more weighted toward growth in stocks and as you get closer to retirement shifts to more secure instruments like bonds
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