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Personal Finance icon
Personal Finance 43w
Is Roth IRA interest taxed?
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2

upvote 9 downvote

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Anonymous 43w

Roth IRA and regular ira both don’t tax on gains. Difference is you pay taxes withdrawing on a regular ira and on a Roth you pay prior. It’s all based on if you think you’ll be taxed at a higher rate when you retire than what you’re tax % is now

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Anonymous replying to -> #1 43w

what they said^ u either pay tax on the $ u put in or pay tax when u take the money out

upvote 1 downvote