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- Whats the difference between a Roth Basic and a Roth Bonus . . . - Reddit
Roth basic: your normal paycheck Roth bonus: any annual year-end bonus paycheck you get You’d usually do just the basic unless you’re not able to max out with your normal paycheck and want to direct a portion of your bonus to the 401k Depending on your income, traditional 401k is likely better for you tax-wise than a Roth 401k is
- 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
- 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
- Is a Roth 401 (k) clearly better than a Traditional 401 (k) or . . . - Reddit
Trying to understand whether I should contribute to a Roth or Traditional 401k, and I'd like help clarifying my understanding of how each account is taxed I use contributions to refer to the amount of money from my paycheck I will put in the account, and earnings to refer to the money I will get from the growth of my investment With a Traditional 401k Contributions are not taxed Earnings are
- Roth 401k VS Roth IRA : r TheMoneyGuy - Reddit
The Roth allows post tax deductions from payroll and all growth and withdrawals will be tax free in retirement Traditional is pre tax and all growth tax deferred when you withdraw in retirement 23k under 50 can be contributed
- 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
- Can I transfer my stocks from my brokerage to a Roth IRA?
Over time, you probably have tax years where you didn't make much so you're in a lower tax bracket so contributing to a Roth or converting some from from your regular IRA makes sense When you're working and making a lot, contributing to a Roth costs more than it is probably worth
- 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?
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