I’ve spoken to CPAs who tell me that there’s really no chance of accessing funds in tax feee accounts until 59.5 years of age.
I’m 29 on the verge of getting a big salary increase and I’m buying stock aggressively.
My question is do I:
1) maximize contributions to SEP/ROTH and hold my money hostage until 59.5?
2) dump it all in traditional IRA and face hefty taxes?
3) do a combination of both
I feel as if it would be unwise to accumulate let’s say 4 million net worth at 50 and not be able to retire for another decade. Similarly, I feel like it would be unwise to not shelter myself from hefty capital gains and income tax in California. Please help!
[link] [comments] https://www.reddit.com/r/stocks/comments/14s98g6/rothsep_ira_or_traditional_ira/
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