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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
- Roth 401K vs Traditional 401K : r FinancialPlanning - Reddit
The main difference between a Roth 401K and a Traditional 401K is when you pay taxes A Roth 401K is funded with after-tax money, but you can withdraw it tax-free in retirement
- 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
Roth is almost never the correct answer, outside of some outlier situations 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
- 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 or Traditional- How do you decide what IRA is better for you . . .
Roth or Traditional- How do you decide what IRA is better for you regarding what tax bracket you will be in at 59 1 2
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