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Subject:  Re: taxable IRA after maxing 403b Date:  1/11/2004  10:39 PM
Author:  sunrayman Number:  38476 of 88495

Seems like this would just get me the withdrawal restrictions of an IRA, but with none of the tax benefits... I must be missing something.

Any enlightenment?


This is the very short version answer:
You do not pay taxes on any gains/dividends/transactions/exchanges within your IRA. In a regular/taxable account, all those activities are taxable events.

I'll not mention that losses within your IRA are not tax deductible {because you are never going to have a loss--right? LOL}, whereas losses in a taxable account can be deducted (up to $3k/yr - I think) against ordinary/earned income.

Disclaimer: I'm not a CPA, CFA, or Attorney
Heck, I'm only an early retiree {i.e. under 59.5 yrs)

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