Saving for Retirement

 

Using a Roth IRA as a wealth planning tool

October 18, 2013
 
 

Here's what to consider when deciding between a Roth IRA and a traditional IRA

What are the considerations when deciding between a Roth IRA and a traditional IRA? Joel Dickson of Vanguard Investment Strategy Group and Alisa Shin of Vanguard Asset Management Services™ suggest looking at current and future tax rates, and asking yourself, "How will my decision affect my heirs if this money will be passed on to them?"

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Important information

  • All investing is subject to risk, including the possible loss of the money you invest.
  • Withdrawals from a Roth IRA are tax free if you are over age 59½ and have held the account for at least five years; withdrawals taken prior to age 59½ or five years may be subject to ordinary income tax or a 10% federal penalty tax, or both. 
  • This webcast is for educational purposes only. We recommend that you consult a tax or financial advisor about your individual situation.

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