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sukus

11/03/19 7:29 AM

#249944 RE: CherryTree1 #249942

Cherry, longterm capital gain is only 15%.

sentiment_stocks

11/03/19 9:52 AM

#249953 RE: CherryTree1 #249942

I believe you can take out of the Roth what you put in without penalty. Of course, you can’t then turn around and put that money back in to replace it. So say you had put in $36k over 6 years, and finally, after forever, a stock line NWBO pops. You could take out the $36k if you needed it (for whatever reason -a fabulous trip, pay taxes), but you have to leave the rest in until you’re aged 59.5. At which point, all those gains are tax free.

That’s how I understand Roth’s to work anyway.

X Master

11/03/19 10:12 AM

#249956 RE: CherryTree1 #249942

Ok so if NWBO pops, you need to move TO Florida or another state that there is no income tax.

HappyLibrarian

11/04/19 2:00 PM

#250098 RE: CherryTree1 #249942

Fair enough, but if anyone really believes in NWBO and thinks they will get a windfall they need to move to sunny Florida where we have no state income tax!