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AugustaFriends

02/10/17 9:15 AM

#381327 RE: makeamint #381326

Roth IRA - IMO the way to go, if you are under 50, pay taxes now, and don't pay them when you are 62 or older. That's when we are going to need every penny we can.
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AugustaFriends

02/10/17 9:21 AM

#381329 RE: makeamint #381326

USAA Roth IRA - a few years back I started trading 50% of my funds in stocks, once I learned I could build my own Roth IRA funds with stocks, and not have to pay taxes. There are new rules in the past 8 years (wonder why).

Example of new rules, I can not make profit on the same stocks twice in the same month. The second profit for the same stock will be taxed at the end of the current year.

I will give you an example with some Gold ($NAK) stocks and $URRE- I was able to make 400% on a good % of the Roth IRA in the past 5 months; and not pay taxes on it. Of course that money can't be touched until I'm 62 1/2 of whatever the law says now; might 70 years in a couple of years.

Either way something for all to consider.