No. of Recommendations: 0
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)
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.