http://www.secretfinance.com/blog/what-is-the-difference-between-a-roth-ira-and-a-roth-ira-term-cd/ Mon, 21 May 2012 15:37:34 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.secretfinance.com/blog/what-is-the-difference-between-a-roth-ira-and-a-roth-ira-term-cd/comment-page-1/#comment-1801 storeonwheels Tue, 31 Mar 2009 21:46:45 +0000 http://www.secretfinance.com/blog/what-is-the-difference-between-a-roth-ira-and-a-roth-ira-term-cd/#comment-1801 Let me explain. You can take the money out of the Roth IRA account at anytime, but you may need to place the money back into the account or you will be taxed. A Roth IRA is a retirement account which requires $2500.00 and may be withdrawn when you are 59 1/2. You will not be taxed as long as you take this money out after your 59 1/2. Take the money out before 59 1/2 and you may be taxed. A Roth IRA CD has a higher interest rate than the Roth savings account. Keep your money in here and you can earn more money. The roth IRA accounts(savings and CD) are designed to be withdrawn after your 59 1/2. Please don't put your money here unless you want to save it for your retirement. Join my storeonwheels group in yahoo groups when you have money or business questions. Let me explain. You can take the money out of the Roth IRA account at anytime, but you may need to place the money back into the account or you will be taxed. A Roth IRA is a retirement account which requires $2500.00 and may be withdrawn when you are 59 1/2. You will not be taxed as long as you take this money out after your 59 1/2. Take the money out before 59 1/2 and you may be taxed. A Roth IRA CD has a higher interest rate than the Roth savings account. Keep your money in here and you can earn more money. The roth IRA accounts(savings and CD) are designed to be withdrawn after your 59 1/2. Please don’t put your money here unless you want to save it for your retirement. Join my storeonwheels group in yahoo groups when you have money or business questions.

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