Hi. Just  wanted to see if anybody could explain to me the difference between Roth and Traditional IRAs.Many thanks

With the way the economy currently is did you loose any money from your IRAs ? I’m wondering because I was going to start one, but I don’t want to lose any money!

I’m going to be 20 and have Simple and Roth Itas established.Out of my money, about 6% goes to the simple and about 3% goes to the Roth. All of this is done throu the adviser. How well off will I be and at what age I will be able to retire?

 Does anyone know something about it? Any references, or advice?

I have Roth IRA CD’s at a bank earning an attractive 5 year rate with a one time no bank penalty withdrawal clause. I opened these accounts in ‘06 & ‘07 by transferring and rolling over Roth IRA accounts from other banks originally opened over 5 years.
My understanding is I will not have to pay tax on withdrawn Roth IRA gains provided the withdrawal is done 5 or more years after opening. My question is, if I withdraw now will my gains be taxable based on the date of the current Roth accounts or not based on the original date of the Roth accounts?

I don’t even know if I put it right. I want to have a possibility to invest in a local business through my Roth IRA for tax free profits. Does anybody know some names of companies that will do this? References, advice, or people with experience with this are more than welcome to respond.

One is a Roth and one is regular. They were started in different years.

Say that I open up a Roth IRA with Fidelity in 2005 and fund it with the maximum for the year. Then I open up a new Roth IRA in 2006 with Ameriprise and fund that with the max for 2006. Can I combine the two accounts? Are there any penalties or disadvantages to doing this?

ect.) might be best for my personal situation? Could someone explain the plan that is more important and why this plan is best for me.

I know that starting next yr, it will be possible to roll those 401K accounts eligible for rollover into an IRA to be rolled directly into a Roth IRA. If 100K is rolled over from a 401K to a ROTH IRA in 2008, will all 100K be taxed in 2008.

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