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<blockquote data-quote="UPSGUY72" data-source="post: 1068337" data-attributes="member: 14514"><p>Taxes when you withdraw the money in 42 years are most likely going to be at a higher rate and you would also pay taxes then on everything included interest. With a Roth account your only paying taxes on what you put in not on the interest too. In other word your pay a little taxes up front and don't have to pay the bigger taxes on the other end. </p><p></p><p>Your still in high school go talk to your economics teacher and ask them what the differences are and what the benefits are talking to a person face to face will give you a better understanding of the benefits.</p></blockquote><p></p>
[QUOTE="UPSGUY72, post: 1068337, member: 14514"] Taxes when you withdraw the money in 42 years are most likely going to be at a higher rate and you would also pay taxes then on everything included interest. With a Roth account your only paying taxes on what you put in not on the interest too. In other word your pay a little taxes up front and don't have to pay the bigger taxes on the other end. Your still in high school go talk to your economics teacher and ask them what the differences are and what the benefits are talking to a person face to face will give you a better understanding of the benefits. [/QUOTE]
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