I have a few thousand money I would like to invest with. I have been looking into investing into a Roth IRA since I have heard that you do not have to pay any taxes on any gains or dividends you get with any money into a Roth IRA but only with 6k a year can be invested into it. However, I currently do not have a job at this given moment and time right now and I was also reading that you need a job to contribute to a roth ira. However, I was recently accepted for an internship this summer at 25/hr for 40 hours a week for 10-12 weeks and plan on investing at least $6k of it since I will likely not need the money for the remainder of the year. As a result, Would it be wise to invest 6k into a Roth IRA right now with the fact that I will be making income in the future or should i invest whatever i have into a personal brokerage account that I have on M1/Robinhood since most of the money i currently have did not come from a job? I appreciate any help. Also would it be wise to keep both on one platform or spread out to maximize safety? For instance having Roth IRA on m1 finance and individual on Robinhood or both on M1?
Submitted May 29, 2021 at 09:19PM by AirBendingNopon https://ift.tt/3i305mn
