Can someone explain 401k, Roth 401k and a Roth IRA to me like
Mar 28, 2024 · In a roth or a tradition ira/401k its on taxed once (either when you earn it for roth or when you cash it out for traditional) Ex-$1000 Traditional IRA- no tax, leave it for a long time, grows to 5k, …
Did I mess up doing traditional instead of Roth? : r ... - Reddit
Maybe you messed up a little for the past, but since you seem to be at the top end of your career ladder/earning potential I think you're probably better off continuing to contribute to your traditional …
SO Confused About How to Actually Invest my Roth IRA : r ... - Reddit
Jan 4, 2024 · A few weeks ago I finally opened a Roth IRA with Fidelity, transferred the max yearly contribution over. It was my understanding that the money would sit there and wouldn't grow until I …
401K....Pre-Tax, After Tax, and/or Roth??? : r/personalfinance - Reddit
Nov 28, 2022 · Yes, Roth IRA's allow penalty free withdrawals before 59½, so they're great for early retirement. And of course if a pretax 401k is available to you and your tax bracket is such that pre-tax …
Opening a Roth IRA: Vanguard or Fidelity? : r/Bogleheads - Reddit
I opened my Roth IRA with vanguard but honestly I prefer fidelity more for interacting with my account. I opened a couple taxable brokerages at Fidelity and even got their CC because of how good the …
Does anyone use Robinhood for their Roth IRA or IRA? : r ... - Reddit
Hey guys I know Robinhood has a 1% match for both Roth and regular Ira accounts. Right now I use vanguard for my Roth IRA. I was wondering if you guys think it worth the move to get the 1% match. …
Better to put dividend stocks/ETFs in a Roth IRA and growth ... - Reddit
And in a Roth both compound well. Sure 'growth' may see a larger total return and this could make sense to prioritize them in Roth since they could therefore have a larger tax burden dude to higher …
Should I max out my Roth IRA and 401k before I start investing
Jun 23, 2023 · Personally, I max my roth and 401k for the year and "gamble" some money into the market on speculative things. If it doesn't work out, I don't really care since I have a huge part of my …
Direct Deposit from Paycheck to Roth IRA setup - Reddit
Sep 20, 2023 · I want my contributions to my Roth IRA sent via direct deposit from my employer. I have the routing number and account number from fidelity however I'm not sure if I should delegate it as a …
How do you determine what percentage to allocate to a Roth 401
5% towards traditional 401 (k) and 9% to Roth 401 (k) will allow me to have more confidence on my overall financial picture at the time of retirement I can withdraw from the traditional 401 (k) at a low …