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What is next step? Have a Savings Account, Simple IRA/401K
Posted on 3/30/18 at 5:00 pm
Posted on 3/30/18 at 5:00 pm
Sorry new to this and appreciate your help...
Should I open a Roth IRA , CD, MMA?
What else should I do..... thanks
Should I open a Roth IRA , CD, MMA?
What else should I do..... thanks
1
Posted on 3/30/18 at 5:10 pm to Mr International
Roth. You can buy all that other stuff in there, use it as a savings, etc. There's absolutely no reason to have a savings account that you regularly contribute to until you max your Roth out every year.
Why? Because you can withdraw your Roth contributions tax free. You just can't touch any income until retirement without heavy taxing.
Why? Because you can withdraw your Roth contributions tax free. You just can't touch any income until retirement without heavy taxing.
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