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Originally Posted by Rose76
Since you don't "have a ton of earnings no matter what," why are you so concerned about being taxed?
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I would prefer not to spew my financial information over the internet but I do plan on having more than 37K per year.. so it seems that I have to be sure I don't put myself into the higher 25 % tax bracket and I would seem that Roth would be a way of reducing my taxable income. And providing the largest after tax income.
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The amount it grows by will be taxed when you take it out. It will get taxed based on what tax bracket you're in at the time. So a Roth doesn't really generate tax-free income.
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Are you sure about that? What is the point of it. My regular IRA I thought would be taxed this way. The roth money I was told would not be included in my gross income.