robocall@lemmy.world to No Stupid Questions@lemmy.world · 19 hours agoWhat can I do with US$10K that is a good investment?message-squaremessage-square69fedilinkarrow-up199
arrow-up199message-squareWhat can I do with US$10K that is a good investment?robocall@lemmy.world to No Stupid Questions@lemmy.world · 19 hours agomessage-square69fedilink
minus-squareSeptimaeus@infosec.publinkfedilinkarrow-up2·edit-25 hours agoRoth grows tax-free and has more long term flexibility compared to traditional IRA. The tradeoff is that it doesn’t reduce your taxes in the year you contribute. It’s the better option for most.
minus-squarerobocall@lemmy.worldOPlinkfedilinkarrow-up1·2 hours agoDoes a Roth mean I tell my employer to put the money into the account or do I put it in myself after I get paid?
Roth grows tax-free and has more long term flexibility compared to traditional IRA. The tradeoff is that it doesn’t reduce your taxes in the year you contribute. It’s the better option for most.
Does a Roth mean I tell my employer to put the money into the account or do I put it in myself after I get paid?