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In this market, a Roth IRA will almost certainly lose money if you invest in it right now (assuming these are short term funds). The market has not bottomed out yet. Not to mention, they are not FDIC insured.
Not to mention I like having direct access to my $ if necessary.
What if I wanna make it rain?
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put in in safe deposit box and you hide the income from the IRS h:
Originally Posted by puffy
thats the whole point
what income? i hope you are referring to the 50k and not the income that you will not be earning because you are not earning any interest.
tell your friend to pay his taxes.
Originally Posted by RB
In this market, a Roth IRA will almost certainly lose money if you invest in it right now (assuming these are short term funds). The market has not bottomed out yet. Not to mention, they are not FDIC insured.
that depends on the investment vehicle... if you are using a mutual fund, stock, or bond based ROTH IRA then yeah, i agree... if you use a money market or CD based ROTH IRA, you can't lose principle...
h:
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