So my dad is setting me up with a "roth ira"

Ignoramus
Ignoramus

So my dad is setting me up with a "roth ira" . what does this mean and is he screwing shit up for me?

Also r8 my gf

All urls found in this thread:
http://www.investopedia.com/terms/r/rothira.asp
http://google.com
Stupidasole
Stupidasole

she looks like a dog

whereismyname
whereismyname

it means you should kill yourself and fuck off

5mileys
5mileys

@Ignoramus
So, cucks actually visit Veeky Forums?
How is that aids that she gave you going?

askme
askme

@Ignoramus
8/10
how tall is she?

iluvmen
iluvmen

@Ignoramus
he's helping your dumb ass get started.

Gigastrength
Gigastrength

@Ignoramus
You are not smart. Is the girl?

TreeEater
TreeEater

Honestly that is one of the first steps in guaranteeing you a million dollars in retirement.

Suppose at 20 you added $5.5k a year for 10 years. By the time your 30 you're out $55,000. Now assume you put your money in diverse things like REITS, BONDS, TREASURIES, INDEXES. If you can average an 8% increase over the next 30 years that'll be $1 mill more.

Your dad will likely be dead by then and you won't be able to thank him so do it now faggot.

Carnalpleasure
Carnalpleasure

Can you guys please stop focusing on my gf and just answer the question

TechHater
TechHater

@Carnalpleasure
I fucking did you dumb fuck now someone please /thread me

PurpleCharger
PurpleCharger

@Ignoramus
no he's trying to help you save for retirement

ear gf qt/10

hidden ear gf basic/10

Supergrass
Supergrass

@TreeEater
This desu. Also, if you have a high deductible insurance plan, which you should unless you're a cuck, sign up for a Health Savings Account and put in the max contribution.

You will have lots of health expenses as an oldfag.

Lunatick
Lunatick

@Ignoramus
Your dad either doesn't know much about tax law, or thinks you'll be rich.

SomethingNew
SomethingNew

@TechHater
/thread

SniperWish
SniperWish

@Carnalpleasure
http://www.investopedia.com/terms/r/rothira.asp

here you big baby ill spoonfeed you

whereismyname
whereismyname

Let me give you a helpful link

http://google.com

The short answer is that it's a retirement fund that will accumulate interest over time. It is a good investment.

Snarelure
Snarelure

coming right now to steal your bitch

Emberfire
Emberfire

@Ignoramus
wouldrape/10
Call me when shes ruffied I'll fuck her with you bro
No homo

ZeroReborn
ZeroReborn

@TechHater
/thread

Fuzzy_Logic
Fuzzy_Logic

@Ignoramus
Not a single fucking faggot in this thread will answer OP's question

An IRA is an Individual Retirement Plan. It has limits on when you can take money out and put money in to encourage you to keep it in the account. For example, any gains you make on your principle cannot be taken out until you're near retirement age without a 10% penalty. It's a standard retirement account and it's perfectly fine.

"Roth" Means that it's taxed going in. So a portion of your income, or whatever you choose to put in, will be taxed and that post-tax money will be your principle. This is beneficial if you assume you'll be retiring at a hire tax bracket than you currently are at, which is probably true as you'll pull out the money tax-free (except the capital gains tax of course). If you're currently in the 15% tax bracket and retire in the 25% bracket, then you're saving a decent chunk of change. Just be sure to switch out of Roth if you start making good money down the road.

Emberfire
Emberfire

Regular IRA taxed on the grain
Roth IRA Taxed on the Seed

You should have both. Limits to contributiion if mem serves is 5k Roth 18k reg. max that shit out.

Skullbone
Skullbone

@Fuzzy_Logic
OP can learn to use fucking Google like the rest of us, you enabler.

Disable AdBlock to view this page

Disable AdBlock to view this page