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gdog

03/13/25 11:53 AM

#28015 RE: Rick1997 #28014

Any comments on doing this?
No sounds like a great plan, I had a roth account yrs ago and was a great way to do it. I decided to start trading stocks so I closed it, paid the taxes and have a couple different accounts I day trade out of. I post my plays on stocktwits under Megabuxs..
but again sounds like the way to go.
Bullish
Bullish
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100lbStriper

03/13/25 12:08 PM

#28016 RE: Rick1997 #28014

i understand everything you said and did. but i will add that any distribution from your roth to you will not effect ss at all or put you in a higher tax bracket. i've already had quite a few conversations with my cpa over the issue. reason being is because its tax free income from a non taxable source.

as far as doing this is concerned......you made the right choice.
Bullish
Bullish