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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
Posted by DaBeerz
Member since Sep 2004
16995 posts
Posted on 5/9/24 at 3:01 pm to
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 by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 5/9/24 at 4:24 pm to
quote:

then just pay tax on gains


You mean on distributions.
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