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Posted by jaxx on March 23, 2004 at 17:46:00:

In Reply to: Re: IRA Basics posted by Enrique on March 22, 2004 at 22:36:27:

Again,you are wrong, but what else is new.

Look at Tax-Facts, or IRS Pub.590.

Tax deferred implys that the tax is deferred to a later date.

The correct term is, according to Tax-Facts, Tax Free.

Look up Tax-Facts since I am sure that a person who can't calculate rates has never heard of Tax-Facts.