InvestorsHub Logo
icon url

trding

09/22/17 6:14 PM

#14699 RE: 123boom #14698

I like the Roth IRA, pay taxes now and then I don't have to pay on my gains when I retire. I added a few nfusz shares to my Roth his week also. I like the idea of taking $5000 or $10000 making $1M and only paying taxes on the $10000. Not there yet, but I tripled that account this year. Of course I have other retirement accounts with more traditional investments and don't go completely high risk on the Roth, just 25% or so because they won’t let me add more money to it.
icon url

Natural Treasures

09/22/17 6:44 PM

#14700 RE: 123boom #14698

The money I contribute every year to the Roth IRA, has already been taxed because it was income. The inital investment, I can pull out anytime now without penalty. I can pull earnings out tax free anytime with a 10% penalty. After the age of 59 1/2, I can withdraw tax free without penalty. I don't plan on taking anything off the table within this account because you can only put so much a year and the gains are 100% Tax Free. I want to take advantage of that to the max.

Also maximizing the DRIP programs within Roth.

Speaking of dividend reinvestment programs, I was reading where preffered shareholders of FUSZ would be getting common shares of FUSZ as a dividend. I'm all for that. I do hope that once the company is on solid earnings ground, the common shareholder can participate in a dividend of some kind. That seems entirely possible to me.
icon url

Engines

09/23/17 12:06 AM

#14703 RE: 123boom #14698

Maybe you're confusing 401K vs. Roth IRA