# Financial advice

**URL:** https://forums.speedlife.net/t/financial-advice/187705
**Category:** PittSpeed Off Topic
**Created:** [January 29, 2007, 12:26pm UTC](https://forums.speedlife.net/t/financial-advice/187705 "2007-01-29T12:26:57Z")
**Posts on this page:** 1
**Showing post:** 10

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### Author: ![obi-1](https://avatars.discourse-cdn.com/v4/letter/o/ac8455/32.png) [@obi-1](https://forums.speedlife.net/u/obi-1)
#### Post date: [January 29, 2007, 1:53pm UTC](https://forums.speedlife.net/t/financial-advice/187705/10 "2007-01-29T13:53:27Z")

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> [@whats up](https://forums.speedlife.net/t/whats-up/27493/23):
>
> can you explain exactly what a roth is

[http://en.wikipedia.org/wiki/Roth\_IRA](http://en.wikipedia.org/wiki/Roth_IRA)

Basically, you are just investing in the same stocks and mutual funds that you could trade daily. But, you are telling the government that this is a long-term investment. So they give you a tax break as an incentive.

You invest post-tax dollars and (unless the rules change) you are not taxed at retirement time when you draw from the account.

This is different from a 401K, where you invest pre-tax dollars and you are taxed when you draw.

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