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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 is your strategy for Roth IRA? : r investing - Reddit
If that's in my Roth or similar tax advantaged account, I still can't access it until 65 without incurring a tax penalty Set up a foundation in your retirement accounts, and use the rest in accounts you can actually access if things go well
- 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
- Is roth 401k really better than traditional? - Reddit
As you get older and start earning more, though, it makes more sense to switch to traditional (especially since you have the option of supplementing your 401k with a Roth IRA) Traditional also leaves the option of someday quitting, and living on your cash accounts and converting Traditional to Roth while you've got $0 earned income
- Roth vs traditional 401k, how bad is it to choose the wrong one?
The Roth IRA in retirement can then be used to reduce your tax rate when taking distributions from your traditional 401k in retirement Also since traditional withdrawals are taxed as ordinary income a portion of your traditional distribution is effectively tax-free as a result of the standard deduction
- 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
- 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
- Tsp traditional, Roth or both??? : r fednews - Reddit
25 votes, 57 comments Hey everyone! For the tsp Roth or traditional is it better splitting the percentage up? Like I currently have the 5 on the…
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