If an ira is purchased with after-tax money, is it now taxable if withdrawn?
An IRA may not be taxable if it's purchased with after-tax. However, this only happens of you meet all the requirements for opening an after-tax retirement plan. The IRS sets limits on the amount of money you can contribute to an after-tax IRA.
I don't know all the rules, but I think it's something like that you can't touch your IRA until a certain age. If you withdraw before the certain age, you will be taxed!!!
You bet. Absolutely. Only ROTH ira's are non taxible.