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IRA Roth Application TCI ROTHIRA120 4 0512 DOC  Form

IRA Roth Application TCI ROTHIRA120 4 0512 DOC Form

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we're going to take you through the traditional tax status path ten thousand dollars you don't have to pay any taxes when it goes into the traditional account so you have ten thousand dollars to invest we're going to make life easy for Math and we're gonna say that you invested at about an eight percent growth rate over about nine years that would double the money and so the ten thousand would turn into twenty thousand dollars now you have to pay taxes on it in retirement to get it out and we're also going to use Easy Math even though there is no such thing as a 25 tax bracket right now there has been in the past we pay 25 taxes to get it out meaning five thousand dollars of the twenty went to Uncle Sam and then you get 15 000 spendable but that's important because that's all people care about is how much money do I have to spend in retirement right well let's now take the Roth path we go the Roth path we have ten thousand

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