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To be used for questions related to Retirement Tax saving scheme Roth IRA as applicable in the United States

1 vote

paying off an auto loan versus Roth versus non-tax-sheltered investment

Scenario #2 is most likely will generate the best long-term financial outcome. If your friends emergency fund is truly excessive and can afford to be reduced by the amount required to payoff the vehic …
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6 votes
Accepted

Basic Roth IRA Tax Understanding

The money you invested in your Roth was taxed as income when you filed your income tax. A Roth contribution is "post-tax" as opposed to a standard IRA or 401k contribution which are "pre-tax". Pre- …
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