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 …

Feb 22, 2023 · I’m planning on opening a ROTH IRA with vanguard. I’m overwhelmed at choosing what to invest my money in. Help! Any and all advice is appreciated.

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 …

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.

Mar 20, 2022 · 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 …

Is Fidelity really all that great? The no fees, no minimums, max of $6k a year sounds great for someone who is low-income as a recent grad. For anyone with experience in opening/maintaining a Roth IRA …

Aug 1, 2021 · After that, then go roth, or max the 401k and then roth after if that's your jam. That extra 20% you can put in because it's pre-tax can grow in the next 45 years.

May 2, 2021 · I'm 22 and recently started a Roth IRA with fidelity. I just put 8,000 into the account since I could still contribute 6,000 for 2020, and I'm trying to determine the best index funds to use as my …

If you are instead doing Backdoor Roth (I.e. make non deductible contribution to traditional IRA and do Roth Conversion) for previous year, you need to file 8606 in the returns to update the basis of the …

Nov 28, 2022 · 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 …