I currently have a roth 401k through my employer. To my understanding, if I take that money out before retirement age, I need to pay a 10% penalty on it.
If I were to put that money in an investment account instead and take money out in a few years, it would be taxed at a 15% rate (given an income around between ~50-400k).
So it seems like there's no reason to put money in a taxable investment account before maxing out a 401k. Am I missing anything?
Submitted January 24, 2023 at 11:58PM by flotation-floatation https://ift.tt/zf2CghY
