What would be the advantage of an after-tax IRA?Another advantage, as compared to a taxable investment, is lack of some record keeping requirements. I am not eligible for a Roth, have already contributed to 401(k) and have the ability to contribute to a non-deductable traditional IRA. I use this investment exclusively for stocks that I hold for short time periods (ie. follow Mechanical Investing screens)and don't have to keep track of transactions. As long as I submit the 8606 forms for correct basis, I can trade all I want and just pay taxes when I start withdrawing from the IRA.Dan
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M