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Investing - Theory, News & General • Roth IRA what to invest in and how

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At $40,000 in income, after the standard deduction, you're in such a low tax bracket that it makes total sense to ho the Roth route. From that point on, all that money and growth is theirs. At age 50, given they have little to nothing, ithink I'd just get them set up in a target date fund and let them pick it. They need to know the what and why of what they are doing. The best time to start was 30 yrs ago. The next best time to start is today.
At this income level, traditional options might be enough to earn the savers credit. This should be a strong consideration.

Statistics: Posted by sailaway — Wed Jul 17, 2024 11:45 am — Replies 81 — Views 7674



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