Roth IRA? Submitted by [deleted] t3_zn0kkg on December 15, 2022 at 11:58 PM in jerseycity [deleted] 6 comments 1
Recurringferry t1_j0ec92b wrote on December 16, 2022 at 12:46 AM Fidelity - you can do it online with them. Make sure you're fully aware of the income limits etc. Permalink 3
imaluckyduckie t1_j0ee80z wrote on December 16, 2022 at 1:01 AM Also, a ROTH 401K is not the same as a ROTH IRA. You can walk into any wealth management office (Merrill Lynch, Fidelity, TDA) and they will set one up for you for free. Permalink 1
driftingwood2018 t1_j0emh9d wrote on December 16, 2022 at 2:04 AM Roth IRA contributions are after tax. Therefore, they will not lower your taxable income Permalink 1
Right-Welcome-9106 t1_j0ej0lr wrote on December 16, 2022 at 1:38 AM A ROTH won’t lower your taxable income. A traditional IRA could. Permalink 0 Brudesandwich t1_j0ejqhr wrote on December 16, 2022 at 1:43 AM How so? Permalink Parent 1 Right-Welcome-9106 t1_j0ek1l0 wrote on December 16, 2022 at 1:46 AM There is no tax deduction for Roth accounts it’s all post tax money Permalink Parent 1
Brudesandwich t1_j0ejqhr wrote on December 16, 2022 at 1:43 AM How so? Permalink Parent 1 Right-Welcome-9106 t1_j0ek1l0 wrote on December 16, 2022 at 1:46 AM There is no tax deduction for Roth accounts it’s all post tax money Permalink Parent 1
Right-Welcome-9106 t1_j0ek1l0 wrote on December 16, 2022 at 1:46 AM There is no tax deduction for Roth accounts it’s all post tax money Permalink Parent 1
Recurringferry t1_j0ec92b wrote
Fidelity - you can do it online with them. Make sure you're fully aware of the income limits etc.