Periodic ROTH Account reminder. Reminder, if y
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Posted On: 03/06/2017 1:09:49 PM
Periodic ROTH Account reminder.
Reminder, if you have the ability to sock away some BLTA shares into your Roth account, if you have one, then all the share appreciation / profit when you sell is protected. Unlike a non-retirement account or an regular IRA.
I believe the Roth account has to have a five-year "aging" period...which to me means the account has to be open that long, not your investment in BLTA. Check with your brokerage account. I've been rolling over my reegular IRA shares into BLTA for the last 2 years. Possibly the appreciated value of those shares will not be taxed when I withdraw.
You make contributions with money on which you've already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.*
* A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase.
Reminder, if you have the ability to sock away some BLTA shares into your Roth account, if you have one, then all the share appreciation / profit when you sell is protected. Unlike a non-retirement account or an regular IRA.
I believe the Roth account has to have a five-year "aging" period...which to me means the account has to be open that long, not your investment in BLTA. Check with your brokerage account. I've been rolling over my reegular IRA shares into BLTA for the last 2 years. Possibly the appreciated value of those shares will not be taxed when I withdraw.
You make contributions with money on which you've already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.*
* A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase.
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