Customer Reviews

Fairmark Guide to the Roth IRA

5 star:		(2)
4 star:		(0)
3 star:		(1)
2 star:		(0)
1 star:		(0)

 

 

After reading this book I felt like I had a very solid knowledge of Roth IRA's and how they work. Ive been a Roth IRA investor/contributor since they became law in 1998. However, one of the areas I struggled with was whether or not to
convert traditional IRA funds to my Roth account. This book
covered the greatest detail of this and even what the tax implications would be. ie...can the tax be payed with my
next years return or must it be payed now to avoid penalies. One thing I never considered was if I didn't
convert and my income went over the threshold allowed by law to convert, I would lose the opportunity to convert the money in the future.
The book covers investing too but is somewhat limited in that area as it mainly is a book of what the Roth is and what
the laws are regarding it. Basically, the investing part states Grandmas common sense of diversification. All in all a pleasant read on what can be a somewhat boring topic.

I have read many books about IRAs as well as the pages of the IRS web page pertaining to Roth IRAs. This book is the best I have read for information on the Roth IRA. It offers the best explanation I have seen of why the Roth is worth more than the traditional IRA for many investors. Not only is it worth more than the traditional IRA but the Roth is also much more flexible than the Traditional IRA. You can use a Roth IRA to buy a house, pay for a child's education, buy a car, really anything you like as long as you withdraw only the contributions. This book will explain the options the Roth allows and you will be able to decide if the Roth is for you.

In the description of this book it was not mentioned that this is the 2004 edition. It does say so on the cover, if you enlarge the image of the cover.

The laws about Roth IRAs have changed since then. However, up to date info is available on the Fairmark website.