5 Comments

1. 

   My Money Blog on November 13, 2022 at 8:27 pm

   You don't pay taxes when you buy/sell on either Traditional or the Roth. Only when contributions or withdrawals are made.

2. 

   lis3399 on November 13, 2022 at 8:27 pm

   Ugh! I can't watch it b/c of the mouth sounds on the mic. I'm sure you have good information but my nerves cannot take it.

3. 

   Eric Sheetz on November 13, 2022 at 8:27 pm

   Thanks for the explanation. I'm contributing the maximum to my 401K and was considering opening a Roth IRA, but Wikipedia says that Once MAGI hits the top of the range, no contribution is allowed at all. I would be above that range so am I not allowed to contribute to an IRA seperate from the 401K that I'm all ready contributing too?

4. 

   rachelbinto on November 13, 2022 at 8:27 pm

   Thank you for simplying this. makes me wonder why do they keep coming up with all these schemes which in the end amounts to about the same thing? Don't the government have anything better to do with their time? Also, do you know of things like trust, insurance etc, to avoid having to pay estate taxes when you finally want to pass on the money?

5. 

   jameskemura on November 13, 2022 at 8:27 pm

   Hey! Thanks for the great info. Just got one suggestion. You might want to use a popper stopper or some kind of mesh to prevent the popping sound while you are talking on the microphone. If you don't have one, you can make one out of stockings and wire hanger. Thanks again!