Trapped at Berkeley

The following is the log of an online conversation I had with one of my friends when I asked her about the advantages of various IRA accounts:

(22:44:47) Me: hey business major!
(22:44:58) Me: why would someone want a roth ira instead of a regular ira?
(22:46:23) Me: actually, why traditional instead of roth?
(03:13:00) Friend: oh
(03:13:11) Friend: cuz r0th, the total contribution = 4000
(03:13:23) Friend: total;, = roth + traditio
(03:13:33) Friend: whereas thet raditional, the limit itself is 4000
(03:13:42) Friend: roths are tax exe,pt
(03:14:37) Friend: ur contirbutions are after-ax,and the money y get from it arent taxed
(03:14:58) Friend: rtarditional iras, its before tax contribution , and the money u get from the trad ira is taxed
(03:15:06) Friend: sorrry im reALLLLLY cdrunk
(03:15:14) Friend: here is someone who is less drunk ahtn i am
(03:15:57) Friend: um, nm he said what i sed

Financial advice from drunk business majors…

This entry was posted on Sunday, January 22nd, 2006 at 1:20 pm and is filed under Funny, Random. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.