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- Whats the point of Roth IRA? : r personalfinance - Reddit
Roth accounts are a hedge against future tax hikes and tax rate insecurity There’s a reason Roth accounts are always subject to elimination every few years, tax revenue from Roth users is far less than from traditional
- What funds should I invest in for my Roth IRA account? : r . . .
Roth IRA Contribution Limits Since you mentioned opening an Individual Brokerage account for investing in mutual funds and index funds, I do want to make sure you're aware that these security types are eligible for your Roth IRA as well
- Roth IRA vs. Brokerage Account? : r fidelityinvestments - Reddit
A Roth IRA is a special type of tax-advantaged individual retirement account to which you can contribute after-tax dollars The primary benefit of a Roth IRA is that your contributions and the earnings on those contributions can grow tax-free and be withdrawn tax-free after the age 59½ assuming the account has been open for at least five years
- SO Confused About How to Actually Invest my Roth IRA : r . . . - Reddit
A few weeks ago I finally opened a Roth IRA with Fidelity, transferred the max yearly contribution over It was my understanding that the money would sit there and wouldn't grow until I logged in and allocated where I wanted it to be invested myself I logged in today to do that, and to my surprise there was growth?
- Roth IRA vs. Traditional IRA? : r personalfinance - Reddit
Total value of Roth IRA and post-tax brokerage account: 97,540 If he puts the $6000 in a traditional IRA, puts the tax savings in a brokerage account, and keeps both there for 40 years: His 2021 income was $30,000 He deducts the standard deduction and his $6000 contribution His total taxable income is $11,450
- absolute beginner - roth IRA advice? : r fidelityinvestments - Reddit
A Roth IRA is a tax-advantaged retirement account where you make after-tax contributions and can withdraw those contributions tax-free and penalty-free at any time and for any reason
- IRA to ROTH IRA 5 Year rule confusion : r fidelityinvestments - Reddit
For Roth IRAs, a 5-year period must pass from the start of the tax year when you first contribute to a Roth account before you can withdraw earnings without penalties Withdrawing earnings before this period ends results in a nonqualified distribution, which could incur taxes and penalties
- 401K. . . . Pre-Tax, After Tax, and or Roth??? : r personalfinance - Reddit
Essentially you need to look at effective tax rates vs top marginal Roth contributions (and thus withdrawals) are taxed at your top marginal tax rate (so 24% for your income) because all post-tax money is fungible Traditional contributions are tax-free, but all withdrawals are taxed at your income tax rate
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