If you do not have Adobe Acrobat Reader, you will need to download the latest version to view and print the forms. The creation of the new Roth IRA has made the choices of retirement planning more flexible, as well as more confusing. Roth IRAs are more attractive the longer they have to grow. Roth IRAs are more flexible as they have no age requirements for when a taxpayer must start taking withdrawals or stop making contributions. Accumulations of earnings in a Roth IRA can be transferred to beneficiaries income tax free.
Beneficiaries pay tax on inherited regular IRAs.
Roth IRAs favor younger taxpayers who have a long time to go before retirement. A traditional IRA if generally the better choice for taxpayers expecting to be in a significantly lower marginal tax bracket when funds are withdrawn. The deductible IRA may also be the choice for a taxpayer who is close to retirement and needs to withdraw funds in a few years. When given a choice between a Roth IRA and a non deductible IRA, the Roth will always win.