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- Did I mess up doing traditional instead of Roth? : r . . . - Reddit
Maxing Roth is better than maxing traditional, if you're doing that No income tax state, Roth is likely better At the end of the day, the difference between trad and Roth probably won't be that much
- 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 vs Traditional? Roth is almost always a worse choice . . . - Reddit
100% Roth is almost never the right answer, because at the margin shifting $1 from Roth to Traditional almost always saves you taxes (the exception being if you have enough income in retirement from a non-Roth non-Traditional source to fill up the standard deduction)
- Can someone explain 401k, Roth 401k and a Roth IRA to me like . . . - Reddit
In a roth or a tradition ira 401k its on taxed once (either when you earn it for roth or when you cash it out for traditional) Ex-$1000 Traditional IRA- no tax, leave it for a long time, grows to 5k, withdraw it and pay income tax on 5k, netting you like 3500-4k depending on tax bracket
- Should I max out my Roth IRA and 401k before I start investing . . . - Reddit
Personally, I max my roth and 401k for the year and "gamble" some money into the market on speculative things If it doesn't work out, I don't really care since I have a huge part of my money on safe ETFs
- Quick way to see total Roth IRA contributions? : r . . . - Reddit
Please be aware that your income can affect your ability to contribute to a Roth IRA Check out the link below for more on IRA contributions IRA Contribution Limits If you have any other questions, please feel free to bring them to our sub We're a great resource, so don't be a stranger!
- Direct Deposit from Paycheck to Roth IRA setup - Reddit
I want my contributions to my Roth IRA sent via direct deposit from my employer I have the routing number and account number from fidelity however I'm not sure if I should delegate it as a savings account or checking account in the payroll portal My gut says savings since it's a retirement account but I have read conflicting things online Is anyone with a similar setup able to confirm?
- Why you should (almost) never contribute to a Roth 401 (k)
Tax-Free gifts to heirs: Inherited Roth IRAs provide tax-free distributions to your heirs Depending on your wealth level, it may make sense to contribute or convert to Roth accounts to pass down tax-free money to your heirs, especially if they have a higher marginal tax rate than you do
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