InvestorsHub Logo

Madguppy

07/16/21 6:00 PM

#42271 RE: bluebird50 #42269

Lol, that works for "older" folks like me. Unfortunately, the youngins can't wait for thier $$$.

I do most of my trading in my IRA. :)

shotsky

07/16/21 8:28 PM

#42278 RE: bluebird50 #42269

My 401K was $59K in 2008, when I was laid off, never to find work again. I converted it to an IRA at Etrade. It's now worth north of $2.7M. And no taxes until I withdraw cash. This year it looks like I'll have to take about $135K, IF it doesn't appreciate any more. The taxes will simply be the same as wages - no capital gains, etc.