Does it offer interest? If so, how much?
2007-03-17 15:15:17 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
A ROTH IRA does not offer interest as it is not an investment. It is a means to invest in things that offer interest/dividends (CDs, money market, stocks, mutual funds, ETFs, bonds, notes, bills, etc) so the earnings are tax free when you take them out. How much interest depends on what investments you put into a ROTH IRA.
2007-03-17 15:27:00 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
TAX- FREE income !!! The biggest gift this government has ever offered to people...Yearly IRA's even " cautiously invested" will put Social Security to SHAME ...and it's tax- free when you withdraw...your lousy soc. sec money is even TAXED !!
As far as "interest" goes,you would get about 5% interest on a " bank" IRA...what you want to look into is " investing" in an IRA... putting your money into " mutual funds" that return more in the area of 9% into the high teens!
http://moneycentral.msn.com/investor/home.asp/beginnerguide.asp?page=introduction
Info there... ( whereas it should be taught in every school in the country... teach people HOW to take care of themselves, wouldn't you think that's a " responsibility'" of government?)
2007-03-17 18:34:41 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋
Secure. Good return for term...usually 5%
2007-03-17 15:19:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the benefits are that you will not have to pay any taxes on the iincome earned when you take it out.
2007-03-17 15:19:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's not taxable in any way.
2007-03-17 15:22:32 · answer #5 · answered by perfectlybaked 7 · 0⤊ 0⤋