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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 Think of it like a fixed rate mortgage with a low interest rate during high interest rate periods
- Roth IRA vs. Traditional IRA? : r personalfinance - Reddit
35-Year Winner: Roth IRA, by just under $7,500 ***Over 40 Years*** If he puts the $6000 in a Roth IRA and keeps it there for 40 years: His 2021 income was $30,000 After the standard deduction of $12,550, his taxable income is $17,450 He will have to pay $1,895 in federal income taxes
- SO Confused About How to Actually Invest my Roth IRA
I’m new to Roth IRA with Fidelity and cannot trade I see the Trade option but when I go there and choose a stock, it has the Open an Investing Account button I don’t know what I’m doing wrong or how they’re setting up my account
- Roth IRA Rules - Reddit
Now, as an adult, I have realized the importance of investing early and often in my Roth IRA I got a late start to my Roth IRA and started at age 28 I am now 30 WHAT I AM THINKING ABOUT DOING: I want to sell all the individual stocks and invest all the profits in my Roth IRA (VOO, VTI are the ones I currently have invested in)
- What funds should I invest in for my Roth IRA account?
As for your Roth IRA, it's great to see that you plan to take full advantage of your account by maxing your contributions every year Visit the link below for further information on Roth IRAs and the current contribution limits You'll want to pay extra attention to those numbers to ensure you don't overcontribute Roth IRA Contribution Limits
- 401k Pre-Tax or 401k Roth? : r personalfinance - Reddit
I’m 27 years old and I’ve been working for 5 years (with the same company) and have been contributing to a 401k pre tax plan every paycheck In 2018 I started a Roth IRA account and have been maxing it out since The 401k is a target retirement fund and the Roth contributions are going towards a total market index fund
- 401k contributions - Roth vs pre-tax : r investing - Reddit
You may switch employers and be somewhere that Roth is not an option, leaving only your Roth IRA as an option which is a much smaller limit than 401k ($5 5k vs $18 5k) Balancing the withdrawal rate between Roth and Traditional to maintain good income but low tax liability means having some Roth and some Traditional
- Roth or Traditional- How do you decide what IRA is better for you . . .
If you are making significant more than the Roth income limit ($135,000 for single, $218,000 for Married), than a traditional IRA is best since you can deduct the deferral against current income If you are making less than the Roth income limit, than Roth is best since all growth is tax free later
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