1.   And in the higher-education savings plans that more and more states are authorizing, earnings are taxed, but not until withdrawal.

2.   Even if your contribution is not tax deductible, you might still want to put money in an IRA since the earnings are not taxed until you withdraw it.

3.   In addition, the earnings are not taxed by the state when the money comes out to pay for college expenses.

4.   IRA earnings are not taxed until you withdraw the money.

5.   Money is deposited in these accounts on an after-tax basis, but the earnings are never taxed.

6.   The error revolves around some of the complex nuances of how mutual fund earnings are taxed.

7.   The government will tax earnings accumulated on both types of contributions when you begin IRA withdrawals.

8.   The money accumulated in a personal savings account would belong to the person whose earnings were taxed, not to the spouse.

9.   The remainder cannot be shielded in a tax-deferred retirement account, meaning future earnings will be taxed as well.

10.   Unemployed workers who seek part-time jobs are ineligible for benefits in most states, even though their earnings are taxed to finance the program.