robocall@lemmy.world to No Stupid Questions@lemmy.world · 2 months agoWhat can I do with US$10K that is a good investment?message-squaremessage-square80fedilinkarrow-up1110arrow-down17
arrow-up1103arrow-down1message-squareWhat can I do with US$10K that is a good investment?robocall@lemmy.world to No Stupid Questions@lemmy.world · 2 months agomessage-square80fedilink
minus-squareSeptimaeus@infosec.publinkfedilinkarrow-up2·edit-22 months 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 months 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?