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Author Message   Tokkalodi Pilla Bewarse Username: Tokkalodi Post Number: 909 Registered: 10-2006 Posted From: 155.39.88.241 Rating: N/A Votes: 0 Posted on Wednesday, March 26, 2014 - 2:26 pm:    roth ira after tax.. so you don't get any tax benefit now.. but after 65 yrs, all money is yours. you don't need to pay any taxes 521 is education plan for kids. you may not (may depending on the state) get tax benefit now but all the earnings are tax free if the income is used towards education. you can use this money for you, your kids or grand kids etc.