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Re: FooBarAndGrill post# 23316

Wednesday, 01/06/2021 11:32:14 AM

Wednesday, January 06, 2021 11:32:14 AM

Post# of 26496
Molonlabe461 - just to add my $0.02.

I've worked in Financial Services for 25 years and the Roth IRA is much superior to a Regular IRA. You can't deduct a contribution to a Roth IRA. However, at the back end is where the Roth IRA kicks butt. All Distributions are tax free and you never have to do an RMD (Required Minimum Distribution). Whereas, a Regular IRA taxes all Distributions and requires you to take an RMD once you reach 72 years old.

I've been trading for 25 years in my Roth and feel very happy and relieved that all the earnings and profits over the years will be tax free once I begin to take withdrawals.

Good luck and happy trading.

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