Replies to post #35329 on CV Sciences Inc (CVSI)

[ap17]

A Roth IRA is taxed just any of your normal income would be taxed....not when 'going in'.

THAT is very confusing. Roth contributions are taxed, withdrawals ARE NOT, Neither are the gains regardless of size.

As I said earlier......tax is paid on the SEED NOT the Harvest!

I created my TDA roth thru the back door. aka Rollover from a large TSP account thus avoiding the $6,000.00 yearly limit.

Whatever CVSI ends up going to....I will be paying ZERO tax on my roth part of it.

[Chirodoctor]

You cannot open a Roth IRA if you have an adjusted gross income of $138,000 or more. And like the traditional IRA you are limited in what you can contribute. If you’re over 50 I believe the limit is $6500 per year