Could somebody explain the advantage of the "Roth" part of a Roth IRA to somebody not familiar with the US system? As I understand it it means you get tax relief on withdrawals rather than contributions, which is the opposite of what you want if you expect to earn less in retirement than when working.
So, it's like a Hagar IRA, but you get some advantages. With Roth, you get a little more energy, usually in the form of wild, upfront antics. Many feel this helps performance and believe to see significant Jumps. On the other hand, they are exposed to some crashes as well, often performing in a very volatile manner. Some believe Roth leads to conflict within its constituents. Hagar IRAs are less volatile, often performing at a steady and more demurely successful manner.
People often debate which one is better, but ultimately it comes down to a matter of preference. Do you like wild excitement with big highs and big lows, unpredictable but able to strike gold? Or do you like solid and predictable performance?
One thing, though, you cannot combine them, because they do not work together at all.
So I feel like this joke needs some explanation.
You see, David Lee Roth was the lead singer of Van Halen when they first got big. He was a big flashy frontman, known for wild antics and hot-headedness. Van Halen became quite big under David Lee Roth. I don't follow the band that much, but there was a lot of inner turmoil between him and the rest of the band, and eventually he left/was asked to leave. He was replaced by Sammy Hagar. Sammy Hagar was not quite so show-offy. Hagar was somewhat established in his own rite, and the band enjoyed quite a bit of success with him with less tempestuousness.
David Lee Roth and Sammy Hagar had a big feud after Hagar was in Van Halen. It was one of the big classic rivalries in Rock and Roll. They tried to reconcile at some point, even attempting to tour together I believe, but ended up at ends, and I think one or both of them has been reported saying they would never work with the other again.
Also, "Jump" was a big Van Halen hit when David Lee Roth was in the band.