With the market down, I have been thinking about adding some good dividend paying companies to my portfolio. However, I do not want to pay the taxes on those dividends. My question is, if I buy those dividend stocks in an IRA(Roth)will I have to pay taxes on them? Thanks for your help.Evan
No, there are no income taxes of any kind on any income in an IRA until you withdraw the funds.
And, to cut down on your transaction costs, maybe even consider buying the shares directly through the company in a no-fee drip plan. Just a thought.lambent1
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |