The work was done, the final bill came out to about $1600, and we now have a hot water heater. We then did some research (yes, we should have done it before, but the timing was tight, and we just wanted hot water), and discovered that a new 30 gallon hot water heater generally runs $300 - $500.
What is a 'Roth IRA'. A Roth IRA is an individual retirement plan that bears many similarities to the traditional IRA, but the contributions are not tax deductible and qualified distributions are tax free.
Roth IRA. An annuity is an investment vehicle with tax-deferred growth -- you only pay taxes on the growth when you remove the funds. A Roth IRA is a retirement plan that uses various investments for funding. The money grows tax-free, and you never pay taxes on the growth if you leave it in past the age of 59 1/2.