- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Saving More for Retirement - Trad IRA vs Normal Brokerage Account
Posted on 5/9/24 at 2:28 pm to notsince98
Posted on 5/9/24 at 2:28 pm to notsince98
quote:
You could be hit with capital gains taxes on a brokerage account at any time if you are buying/selling, right?
This is a good point. So with the traditional IRA, I could be buying and selling without a tax hit, and then I am only hit on taxes as income when I withdraw, I think…
So no capital gains tax implications along the way to retirement.
Am I understanding that part correctly?
1
Posted on 5/9/24 at 3:01 pm to skewbs
quote:
This is a good point. So with the traditional IRA, I could be buying and selling without a tax hit, and then I am only hit on taxes as income when I withdraw, I think…
Yep, you can buy/sell as much as you want, don’t have to worry about it til distribution when you cash out, then pay tax… unless you can convert to roth
This post was edited on 5/9/24 at 5:14 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News