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Forum: The Stock Market

12-03-2005, 09:44 PM

Replies: 20

Why would I want to open an IRA?

Views: 293

Posted By BigF

Re: Why would I want to open an IRA?

[ QUOTE ]
I'm fairly certain if I put my investment into a mutual fund or some other stock/bond account, I don't have to pay taxes until I withdraw (capital gains at 15% of the money earned) so...

Forum: The Stock Market

12-03-2005, 06:00 PM

Replies: 20

Why would I want to open an IRA?

Views: 293

Posted By BigF

Re: Why would I want to open an IRA?

[ QUOTE ]
Okay, I'm doing my taxes for '05 and I am trying to understand the logic behind an IRA. Why would I want to put 40k (I think the maximum is) into an IRA?

Sure, I don't have to pay taxes...

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