Comments on: Friendly IRA Reminder http://www.consumerismcommentary.com/friendly-ira-reminder/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 21 May 2012 23:56:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Flexo http://www.consumerismcommentary.com/friendly-ira-reminder/comment-page-1/#comment-338 Flexo Thu, 14 Apr 2005 17:27:19 +0000 http://wp.consumerismcommentary.com/?p=263#comment-338 I clarified the text, but contribution limits and deadlines are the same whether you have a Traditional or Roth IRA. However, you can't withdraw your principal penalty-free from a Traditional IRA, only a Roth IRA allows that. There are other <a href="http://beginnersinvest.about.com/cs/iras/f/tradvsrothira.htm" rel="nofollow">differences</a> as well. I clarified the text, but contribution limits and deadlines are the same whether you have a Traditional or Roth IRA. However, you can’t withdraw your principal penalty-free from a Traditional IRA, only a Roth IRA allows that.

There are other differences as well.

]]> By: jim http://www.consumerismcommentary.com/friendly-ira-reminder/comment-page-1/#comment-337 jim Thu, 14 Apr 2005 02:51:24 +0000 http://wp.consumerismcommentary.com/?p=263#comment-337 You may want to modify your original post to say Roth IRA... it might confuse people otherwise. jim You may want to modify your original post to say Roth IRA… it might confuse people otherwise.

jim

]]> By: nickel http://www.consumerismcommentary.com/friendly-ira-reminder/comment-page-1/#comment-336 nickel Wed, 13 Apr 2005 21:16:16 +0000 http://wp.consumerismcommentary.com/?p=263#comment-336 This is very good advice. You should also keep in mind that regular contributions to a Roth can be pulled at anytime, for any reason. Thus, if you are unsure if you can swing a contribution without dipping too deeply into your savings, just do it. You can always take it out later, but the same can't be said for making your '04 contribution later. For more details, see here: http://www.recycledcognition.com/2005/04/05/max-that-roth/ --recog This is very good advice. You should also keep in mind that regular contributions to a Roth can be pulled at anytime, for any reason. Thus, if you are unsure if you can swing a contribution without dipping too deeply into your savings, just do it. You can always take it out later, but the same can’t be said for making your ’04 contribution later. For more details, see here:

http://www.recycledcognition.com/2005/04/05/max-that-roth/

–recog

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