Dec
5
Why should I have a vehicle to keep my mutual funds in? They are easily accessible when needed. I will be taxed at both points in time with or without a traditional IRA. The roth is not an option.
Roth IRA, Traditional IRA, 401K
IRA Questions and Answers
4 comments so far...
You get a tax deduction this year for your contributions.
Tax Deffered Gains
No worry about paying taxes every time you sell a stock. No taxes on dividends either.
You only pay taxes on distributions after you retire, so you have more cash to reinvest, so your money grows faster.
I found that my IRA was doing better because It pays the same interest each month ,where other investments go up & down & you can loose in the end
The traditional IRA allows you to earn tax deferred money, meaning that you can earn a little more
True ! You WILL BE taxed at some point. so now you simply get to decide if you want a tax break now with the IRA and pay tax later OR pay annually with your mutual funds and stocks.
I personally do BOTH. I figure I have no problem paying my tax on the gains I make annually so I do! I feel later on the government will probably raise its tax and my IRA will be taxed bigger than if I had paid it NOW. But I will have to live with that when the time comes.
The ROTH is good for people who need to be able to touch their money… personally I think its a joke for if I am to invest in my IRA I certainly SHOULD NOT be touching it!!
You already seem to have your answer in the way you asked your question. You will be fine. Posting it here should prove interesting !
Best wishes for a bright future !!
: )
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