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What’s everyone doing today?
Additional Posts in Personal Investment Chatter
Is NIO a buy ? For the long term ?
When should I sell PTON?
What’s everyone doing today?
Is NIO a buy ? For the long term ?
When should I sell PTON?
Chief
No it doesn't makes sense to make a non-deductible contributions to tIRA and leave it there. Why would you leave your money in tIRA and have the gains taxed when you can near immediately move the funds to a Roth IRA and have the gains grow tax free?
Chief
Well the Roth conversion is called a "backdoor" and a "loophole for a reason".
And don't forget that people do use the tIRA to contribute tax deductible funds as well.