I currently use my taxable brokerage acct for parking excess cash until I need it in SPAXX since my bank gives next to nothing for interest.
I know with Roth IRAs you can withdraw your contributions with no penalty so I was thinking why keep my cash in the taxable account and not a Roth? It's the same SPAXX core account and I would just earn that interest towards retirement.
But Roth IRAs also have contribution limits so I'm not sure if putting money in and out will offset itself.
I've never pulled money out of my Roth before so I'm not sure how feasible this is.
Submitted July 14, 2024 at 12:00AM by Buttholes_Herfer https://ift.tt/ZH8n0fW
