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Category: Tax planning

November 18, 2010 HIAadmin Financial planning, Retirement planning, Tax planning

Roth IRA's differ from traditional IRA's as the contributions made to a Roth IRA are not deductible for tax purposes but the distributions taken from a Roth IRA are not taxable to the taxpayer. The dilemma: take the tax deduction now and pay taxes later or make non-deductible contributions now and pay no taxes later. … Continue reading

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