Posted by eric on March 19, 2004 at 11:00:26:
In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Deceptive Practices? posted by BBG on March 18, 2004 at 11:29:13:
No, the contributions for a Roth IRA are NOT tax-deferred, and it does NOT grow tax-deferred.
The contributions for a Roth IRA are already taxed, and it grows TAX-EXEMPT.
: : Enrique,
: : Contributions to a Roth are not tax deferred.
: What?
: Jax asked,
: "What other investment grows tax-deferred and then provides a tax-free cash flow?"
: Enrique said a Roth IRA.
: He didn't say the contributions were tax deferred. He said that the investment GROWS tax deferred.( meaning, the gains in this investment are tax deferred)
: Enrique is correct about that.
: BBG
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