Even if you need the money before 59.5, Roth contributions can be withdrawn tax and penalty free. Whether you need the money (e.g. emergency fund) or not, fill the Roth IRA before taxable.If you have funds that you feel that you may want to trade in and out of (generally don’t want to do that a lot) but those funds should go in your Roth, you can trade mutual funds in a Roth without it being a taxable event. In a brokerage account you would have to pay taxes for the trade. If you don’t need the money until you are 59.5 fill up your Roth before taxable. Do you have a 401k at your job? You should also do that before taxable.
Statistics: Posted by RyeBourbon — Sun Dec 01, 2024 8:47 am — Replies 7 — Views 614