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Old 02-08-2015, 01:59 PM
 
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I'm old enough to withdraw from my Roth now. As long as I meet the income criteria (have earned income) I can still contribute so can I both contribute and withdraw tax free pretty much at will right?l( I can contribute the 6500 per catchup provision) and am 60 so can withdraw, too, right?
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Old 02-08-2015, 02:06 PM
 
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What's the purpose of contributing and withdrawing at the same time?
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Old 02-08-2015, 02:09 PM
 
Location: Hard aground in the Sonoran Desert
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Originally Posted by Lowexpectations View Post
What's the purpose of contributing and withdrawing at the same time?
Exactly what I was going to ask.
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Old 02-08-2015, 02:12 PM
 
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Because I'm also an active trader and reap good profits from it if you have to know. Now, back to my original question. Thanks.
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Old 02-08-2015, 02:21 PM
 
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Originally Posted by Burkmere View Post
Because I'm also an active trader and reap good profits from it if you have to know. Now, back to my original question. Thanks.


This makes no sense. If you take 2000.00 out and contribute 2000.00 the net is zero
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Old 02-08-2015, 02:33 PM
 
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If What I have in there grows substantially I may want to take some out since it grows tax free. Yet, I may still want to contribute. For example, I'm already up substantially this year, and may want to withdraw some. I'm not asking for personal financial advice. I'm asking what the rules are.

( I'm an active trader with substantial above market returns annually).

But I just want my question answered. I don't need editorial comments. Thanks.

For example if I can make great returns in my Roth through trading it might make sense to do that and perhaps withdraw some tax free rather than pay taxes on money trading in a personal account.
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Old 02-08-2015, 02:46 PM
 
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If you have earned income below the limits you could make contributions. I'm not sure what the point would be. Why would I remove 10k only to put 5k back post tax? It doesn't make sense
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Old 02-08-2015, 02:49 PM
 
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Let's say I can make a lot trading the account. Rather than pay taxes trading my personal account there may be reasons I would want to withdraw some profits tax free from the Roth.
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Old 02-08-2015, 02:53 PM
 
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Originally Posted by Burkmere View Post
Let's say I can make a lot trading the account. Rather than pay taxes trading my personal account there may be reasons I would want to withdraw some profits tax free from the Roth.
You clearly don't understand how either Roth IRAs work, taxes work or math. It's possible all of the above
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Old 02-08-2015, 03:17 PM
 
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yeah , this makes no sense to me either.
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