ST Alpha - "can I ask a dumb question? what's the point of capping roth contributions? like, if I'm not tossing cash into a roth, I'll just invest it somewhere. " (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 160

In response to "I already have a Roth option. I WANT my pre-tax option. -- nm" by ty97

can I ask a dumb question? what's the point of capping roth contributions? like, if I'm not tossing cash into a roth, I'll just invest it somewhere.

Posted by amanda jones state university (aka amanda) Oct 20 '17, 08:25

do we get tax credits for having roths? how do I not know this?

Responses:

You pay taxes upfront to withdraw earnings tax-free - znufrii Oct 20, 08:31 4
- are the ira contrib maxes for employee contrib only? or what employer contribs as well? (obviously I have never maxed anything.) -- nm - amanda jones state university Oct 20, 08:39 3
  - I know the 401k maxes have employee contribution maxes and separate 'total contribution maxes' (about 3x of the employee max) -- (edited) - ty97 Oct 20, 08:45 1
    - 2017: 401k deferral max is 18,000. 401k Annual DC contrib max is 55,000 (employee + employer). IRA/Roth max is 5500. - decline Oct 20, 08:55
  - I don’t think the overall caps would change based on what I’ve heard so far, but really it’s all speculation anyway st this point -- nm - znufrii Oct 20, 08:42
you are probably phased out of any tax benefit of your roth contribs now. -- nm - decline Oct 20, 08:27
no taxes on gains when I withdraw? is that it? -- nm - amanda jones state university Oct 20, 08:26 2
- I'm guessing that's it. You don't pay any capital gains either annually or at withdrawal, which is a nice perk. -- nm - ty97 Oct 20, 08:28
- yep -- nm - decline Oct 20, 08:27

Post a message top

Replies are disabled on threads older than 7 days.