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re: Anyone here invest in both a ROTH IRA and Traditional IRA?
Posted on 7/7/13 at 12:15 pm to wegotdatwood
Posted on 7/7/13 at 12:15 pm to wegotdatwood
Yes. Roth is limited regardless up to a certain income level. Gains are tax free and your contributions are already taxed.
I do both....to get the extra bang for my buck early on by eliminating tax liability now and hopefully have a nice chunk of change that I can take out tax free in case I earn more than the limits later in my career.
I do both....to get the extra bang for my buck early on by eliminating tax liability now and hopefully have a nice chunk of change that I can take out tax free in case I earn more than the limits later in my career.
This post was edited on 7/7/13 at 12:24 pm
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