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Question about IRA's: [View all] ret5hd Feb 2021 OP
Tax rates are based on income. After you retire you will mobeau69 Feb 2021 #1
But I am already in the lowest bracket... ret5hd Feb 2021 #2
With your assumptions, yes. There's not really any benefit to an IRA as far as I know. Salviati Feb 2021 #3
"a Roth IRA might have more advantages. You'd pay taxes on the $1000 now," progree Feb 2021 #7
The money you put into a Roth IRA is post tax money. Salviati Feb 2021 #8
I know. So? progree Feb 2021 #9
Not necessarily. You could withdraw it without paying any tax at all. mobeau69 Feb 2021 #5
Hides your capital gains zipplewrath Feb 2021 #4
Having some knowledge on this gibraltar72 Feb 2021 #6
Invest in a Roth while tax rates are low nt doc03 Feb 2021 #10
Or high, or in between. When one contributes to a Roth (compared to doing nothing), one is in progree Feb 2021 #12
I am 72 and have no idea where to park my RMDs from my traditional IRA. The banks and doc03 Feb 2021 #13
I'm 69, so am also not looking at a very long time frame for compounding my money! progree Feb 2021 #15
I am in 42% equites and 58% fixed income in my IRAs and Roth. I started withdrawing from my IRAs at doc03 Feb 2021 #17
The tax-deferral advantage of traditional IRAs progree Feb 2021 #11
Thank you! Exactly the kind of info l thought may be out there. ret5hd Feb 2021 #14
If you put that $1,000 in a Roth instead: progree Feb 2021 #16
If you're in a low tax bracket, the only reason I can think of to open a traditional IRA UrbScotty Feb 2021 #18
Latest Discussions»Culture Forums»Personal Finance and Investing»Question about IRA's»Reply #5