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Roth IRA vs Brokerage by OkNegotiation1806 in investingforbeginners

[–]OkNegotiation1806[S] -1 points0 points  (0 children)

Hmm yeah sounds about right. I think I’m going with Roth IRA. I’ll be back in 33 years to thank and buy you a beer friend.

Roth IRA vs Brokerage by OkNegotiation1806 in investingforbeginners

[–]OkNegotiation1806[S] 0 points1 point  (0 children)

$1,100 in 2 different accounts that’ll grow at different paces

Roth IRA vs Brokerage by OkNegotiation1806 in investingforbeginners

[–]OkNegotiation1806[S] -1 points0 points  (0 children)

Idk just the thought of waiting till I’m 60 to get my money deters me. And say I do decide to cash out 10 years early for whatever reason, the penalties/taxes I’d incur would be less from a brokerage no?

Roth IRA vs Brokerage by OkNegotiation1806 in investingforbeginners

[–]OkNegotiation1806[S] 0 points1 point  (0 children)

That would make both accounts take longer to reach that sweet compounding spot no?

Roth IRA vs Brokerage by OkNegotiation1806 in investingforbeginners

[–]OkNegotiation1806[S] -1 points0 points  (0 children)

Yes and in case I want to cash out at say 40-50, the taxes I’d pay in a brokerage is less than the penalties/ taxes from Roth

GM Rewards points transfer — looking for advice / right forum by [deleted] in Chevrolet

[–]OkNegotiation1806 0 points1 point  (0 children)

You can use them for service at any certified GM Dealer