Comments on: Great Ways to Grow Your Net Worth http://www.americanconsumernews.com/2007/02/great-ways-to-grow-your-net-worth.html Helping Smart Shoppers Save Sun, 21 Mar 2010 20:52:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Adventures In Money Making http://www.americanconsumernews.com/2007/02/great-ways-to-grow-your-net-worth.html/comment-page-1#comment-404 Adventures In Money Making Wed, 14 Mar 2007 06:41:00 +0000 http://www.americanconsumernews.com/2007/02/great-ways-to-grow-your-net-worth.html#comment-404 well it can be partially true.<br/>i didn't pay any taxes last year(a lot of good deductions!) so my roth deposits were tax-free! well it can be partially true.
i didn’t pay any taxes last year(a lot of good deductions!) so my roth deposits were tax-free!

]]> By: ruthie http://www.americanconsumernews.com/2007/02/great-ways-to-grow-your-net-worth.html/comment-page-1#comment-264 ruthie Tue, 27 Feb 2007 05:40:00 +0000 http://www.americanconsumernews.com/2007/02/great-ways-to-grow-your-net-worth.html#comment-264 "In addition you should max out your tax sheltered retirement accounts such as a Roth IRA. You can invest up into $4000 in one of those and never pay a dime in taxes in it!"<br/><br/>Not true! You DO pay the taxes on the money just before it is in the IRA but you do NOT pay taxes on the money or on the interest earned with you withdraw it. “In addition you should max out your tax sheltered retirement accounts such as a Roth IRA. You can invest up into $4000 in one of those and never pay a dime in taxes in it!”

Not true! You DO pay the taxes on the money just before it is in the IRA but you do NOT pay taxes on the money or on the interest earned with you withdraw it.

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