How To Make The Best Use Of Your Retirement Savings

Contributing sentiments towards policy:

53% : Keep in mind that even if you've hit your pre-tax/Roth limits, your plan may allow you to contribute after-tax.
51% : You can then convert the after-tax dollars to a Roth account so they can then grow to eventually be tax-free.
44% : Any earnings you withdraw before 5 years and age 59 ½ may be subject to taxes and a 10% penalty, but the contributions come out first.
44% : As long as you don't have any other pre-tax IRA money, you only pay taxes on the earnings you convert.

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