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Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.
9 posts • Page 1 of 1
A Roth IRA is a type of investment account that you can set up where you invest your money today - up to $5500 per year with no immediate tax deductions - and can pull out your profits and earnings tax free when you’re 59.5. That means you pay NO TAX on YEARS of compounded interest and earnings.
"When I think about the idea of getting involved with an American woman, I don't know if I should laugh .............. or vomit!"
"Trying to meet women in America is like trying to decipher Egyptian hieroglyphics."
On top of the tax-free growth, you could actually pull out the principle anytime w/o any penalties. There are even some situations where the earnings can be pulled out w/o penalty (e.g. buying a home).
I'm sure Jeff Bezos in the early days of Amazon was lifting a few boxes. I believe he started in his garage. Now he's got billions. Maybe you should lift boxes? Maybe you wouldn't be such a defeatist queer. If you don't have enough testosterone in your system you turn into a pedophile and lose drive. Anyone seriously interested in reversing "white decline" would immediately identify its cause is a radical collapse in motivation – an unwilling to do the incredibly hard work needed to gain and keep power, an unwillingness to “grind” – and not console oneself with fairy tales of an effortless "white" rise without insane amounts of hard work.
Taxes. Too high of a limit means less capital gains and dividend taxes for the gov't when it comes time to take the money out. The limit for those over 50 y/o is $6,500.
The Roth (or traditional) IRA is one of a few tax-advantaged accounts. There are also 401k/403b, HSA, FSAs, 529s etc. There are quite a bit of places to stash your money to avoid or reduce taxes.