I just got to know that if I open up a Roth IRA account and put money aside every year (cap is $6000) and use that money to buy stocks or do any kinda investment for that matter, I wouldn’t charged taxes on the gains since the amount I’m putting in is post tax.
Is this information accurate? And if it is the why wouldn’t everyone day-trading or plan to buy/sell stocks the same year wouldn’t do this?
I know for many of the traders here 6k would not be enough but if we start with this and add every year or at least save some of the taxes, why shouldn’t we?
Submitted October 06, 2021 at 08:33AM by photogenicMale https://ift.tt/303lOn9
