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Old 04-12-2004, 05:37 PM   #20 (permalink)
hari
Upright
 
Location: Los Angeles, CA
Make sure you have an emergency fund first.

Between a regular and Roth IRA, I'd go for the Roth.

The tax break for a regular IRA isn't huge, and what's worse, you'll have to file a form every year to keep track of the proportion of IRA money that has been taxed vs. not taxed.

I'm slowly converting all of my regular IRAs to Roths ... I still have 30 years to retirement, and I can quit filing those 8606 forms.

Just get in the habit of saving. It will pile up, slowly but surely.
hari is offline  
 

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