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
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
McKinzie Roth (u McKinzieRoth) - Reddit u McKinzieRoth: TV Host • Radio Personality • SpokesmodelMy career I knew what I wanted to do by my teens and I did everything I could to get there A lot of my friends from high school had no idea what they wanted to and waffled well into their college years
Roth 457 (b) and Roth IRA : r govfire - Reddit I have a Roth 457 (b) plan that I’ve been contributing to since I started government employment I never opened a Roth IRA because I assumed I’d be getting the same benefits as contributing to my current account My pension takes 9-11% of my income automatically and those contributions don’t earn anything, they just sit in the pension fund until my pension is vested and I choose to take
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’s the best way to get started in a ROTH IRA? : r . . . - Reddit What’s the best way to get started in a ROTH IRA? New to this sub and to Reddit but I’m 24 and unmarried and I’ve been looking to start a Roth that’s basically hands off I’ve researched a bunch and I’ve decided to go with a Roth instead of a traditional Ira