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Detailed text transcripts for TV channel - FOXNEWS - 20120411:11:26:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120411:11:26:00

Income. it's not tax deductible this year. it's an after tax investment. only thing that will offset income this year is the traditional i.r.a. and in spite of that, i'm going to say hey, pay a little more in taxes now and do the roth i.r.a. for most everyone. unless you're a little bit older in your 60's or something, the map on the roth works out beautifully because most of what is in your account at retirement is growth and with the roth, the growth is all tax free so i would give up the tax break this year. >> can anyone get a roth? i thought if you made a certain amount of money, you're n...

Detailed text transcripts for TV channel - FOXNEWS - 20120411:11:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120411:11:25:00

To know. >> mary, wrong question! >> exactly. >> santa claus does not live in washington, d.c. this is your money! you had too much withheld. you are loaning the government $830 a month, $10,000 a year and then they're giving it back to you in april and you act like they did something fun for you. no, no, no, you need to go the other way and calculate how to bring home an extra $800 a month so that at tax time, you owe no additional taxes in addition to what was already withheld. >> careful not to go under so you don't owe penalty and interest. >> that hurts. >> well, if you go under a little,...