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re: Saving More for Retirement - Trad IRA vs Normal Brokerage Account
Posted on 5/9/24 at 1:11 pm to skewbs
Posted on 5/9/24 at 1:11 pm to skewbs
You wouldn't pay any taxes until retirement distributions on your IRA gains if you buy/sell. You could be hit with capital gains taxes on a brokerage account at any time if you are buying/selling, right?
This post was edited on 5/9/24 at 1:12 pm
1
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?
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