tag:blogger.com,1999:blog-12745648.post2433917416299488961..comments2024-02-08T02:15:54.297-08:00Comments on Cause and Defect: 15 Resolutions for 2007A.H. Rajanihttp://www.blogger.com/profile/16962973533972953797noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12745648.post-23584463831272314332007-01-18T02:54:00.000-08:002007-01-18T02:54:00.000-08:00i can always rely on you, justin.i can always rely on you, justin.A.H. Rajanihttps://www.blogger.com/profile/16962973533972953797noreply@blogger.comtag:blogger.com,1999:blog-12745648.post-36799485282530958312007-01-17T15:24:00.000-08:002007-01-17T15:24:00.000-08:00Roths are ideal for people in our situation (young...Roths are ideal for people in our situation (young professionals just beginning to earn real money), because you are contributing after-tax dollars. This means that unlike a traditional IRA you won't pay any tax upon withdrawal. This is great for people who expect to be in a higher tax bracket at retirement than they are currently.<br /><br />So the answer is that you do need a Roth IRA, but unfortunately you will only be able to contribute for a couple more months, as the ability to contribute is completely phased at around $90,000 in income for an individual ($160,000 for married filing jointly). An alternative is the Roth 401k, which some employers are starting to offer, although I haven't heard of any law firms offering it.Anonymousnoreply@blogger.com