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re: Saving More for Retirement - Trad IRA vs Normal Brokerage Account
Posted on 5/9/24 at 3:01 pm to skewbs
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
Posted on 5/9/24 at 4:24 pm to DaBeerz
quote:
then just pay tax on gains
You mean on distributions.
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