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.

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 …

I put $100 into my Roth IRA every month, I have $700 in there now. I didn't know I had to invest the money myself 🫠 Can someone help me me out and give me some pointers and tell me how to invest …

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 …

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 …

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 …

Jan 4, 2024 · 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 …

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.

However, if you decide to convert the earnings to your Roth IRA, that amount will be subject to earned income tax for the year in which the conversion takes place.