Tax-Free Growth Without Leaving Home
Tuesday April 29, 2008
Before the 1998 creation of the Roth IRA, one of the only ways to get tax-free growth was to permanently leave the country. I don’t know about you, but I have no desire to leave the United States. (Besides, our government might still track you down and tax you).
Fortunately, you no longer need to make a choice between continued U.S. citizenship and tax-free growth. By taking advantage of a Roth IRA, you can invest your retirement money and never pay taxes on its growth – legally. Although there are some income limits, most workers can add at least $5,000 to their Roth IRA every year.
What a country!
Fortunately, you no longer need to make a choice between continued U.S. citizenship and tax-free growth. By taking advantage of a Roth IRA, you can invest your retirement money and never pay taxes on its growth – legally. Although there are some income limits, most workers can add at least $5,000 to their Roth IRA every year.
What a country!
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