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Roth IRA's were established several years ago as an alternative to the original traditional IRA plan. A Roth IRA allows the same $4,000.00 annual contribution as a traditional IRA, however the Roth IRAs contributions are not tax deductible. When you withdraw the money however from a Roth IRA however, you pay no taxes if it's been in the account at least five years and: (1) you are older than 59 1/2, or (2) you become disabled, or (3) you die and it's paid to your beneficiary, or (4) you use the money for a first time home purchase ($10,000.00 lifetime withdrawal limit). Shares and Certificates are available.
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