Quote:
Originally Posted by Mosaud1998
Wow, didn't think this thread would "blow up". I've got a couple of $100s in my ROTH IRA. Now I am trying to figure out how to invest it  I've been sick for the last two days so I think I might have lost a few brain cells cause I feel like I'm 70 years old not 26 (No offense).
From my understanding, I should put the majority of the money from my ROTH IRA into S&P? |
Roth all the way. Also trade in your IRAs, no capital gains and no income tax forms to complete until you withdraw.
I've grown my traditional IRA so much that now I'm in the position of paying more taxes on the conversions than I what I saved in the past when I contributed.
Don't listen to the general advice of lower taxes when you're older. It's BS if you make a decent income.