- Whats the difference between a Roth Basic and a Roth Bonus . . . - Reddit
Roth basic: your normal paycheck Roth bonus: any annual year-end bonus paycheck you get You’d usually do just the basic unless you’re not able to max out with your normal paycheck and want to direct a portion of your bonus to the 401k Depending on your income, traditional 401k is likely better for you tax-wise than a Roth 401k is
- 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
- SO Confused About How to Actually Invest my Roth IRA : r . . . - Reddit
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 logged in and allocated where I wanted it to be invested myself I logged in today to do that, and to my surprise there was growth?
- 401K. . . . Pre-Tax, After Tax, and or Roth??? : r personalfinance - Reddit
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 Traditional contributions are tax-free, but all withdrawals are taxed at your income tax rate
- 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
- 401k contributions - Roth vs pre-tax : r investing - Reddit
Currently, I contribute 10% Roth and 4% pre-tax Considering the company's contributions are pre-tax, this comes out to a net 10% Roth and 10% pre-tax I don't plan on changing the amount I'm contributing (either up or down), but am looking for input on if my contributions should be allocated differently Thank you!
- I have a stock in Roth IRA that I want to sell. If it’s a . . . - Reddit
The IRS mandates that Roth IRA distributions be taken in this order: First, from regular contributions, not subject to tax or penalties Second, from conversion contributions, on a first-in, first-out (FIFO) basis Last, from earnings, generally taxable as ordinary income
- 401k Pre-Tax or 401k Roth? : r personalfinance - Reddit
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
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