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re: Coming into a small inheritance.. what to do with it? UpDated
Posted on 11/30/14 at 12:17 pm to BACONisMEATcandy
Posted on 11/30/14 at 12:17 pm to BACONisMEATcandy
6 month? No, I keep enough in it to pay all the bills for at least 2 months though.
I don't know much about Roth, how is it different than a 401k?
I don't know much about Roth, how is it different than a 401k?
Posted on 11/30/14 at 12:24 pm to tduecen
Roth IRA is after tax money that grows tax free.
401k is before tax money that gets taxed when withdrawn.
401k is before tax money that gets taxed when withdrawn.
This post was edited on 11/30/14 at 12:25 pm
Posted on 11/30/14 at 12:27 pm to tduecen
there are posters who know much more about the two than I do but the Roth is a retirement account that lets you save without paying taxes on the moneywhen withdrawn( but it is with limits). I have a Roth and an Account through work that is very specialized and not helpful towards 99.9% of the posters here.
ETA: Lynx is well more versed than I
ETA: Lynx is well more versed than I
This post was edited on 11/30/14 at 12:29 pm
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