Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You don't actually make money from a Roth IRA, is that right? It's just a way to not tax certain amounts. But you don't get interest if the money is just sitting there.
What's the diff between withdrawals and distributions?
Last edited by robertpasa; 01-31-2020 at 01:31 PM..
Reason: Contained errors
You don't actually make money from a Roth IRA, is that right? It's just a way to not tax certain amounts. But you don't get interest if the money is just sitting there.
What's the diff between withdrawals and distributions?
A Roth is a tax status not an investment..making money or not depends on what you buy to invest in .....you can buy cash instruments , bonds ,stocks ,gold , etc
You don't actually make money from a Roth IRA, is that right?
Wrong. The whole point of a Roth IRA is to grow the invested money tax-free until it's needed in retirement. (Whether or not that goal is achieved depends on the investments chosen, of course.)
Pretty scarey question to be honest ...it just seems to illustrate how little Americans know about personal finance
Oh, where to start!!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
