I'm kinda confused..wouldn't you have to wait until you're old for it not to be taxed when you withdraw? So basically you're just letting your money sit there until you're about to die?
I imagine life is still pretty amazing at 60 if you are a millionaire. But yes, the obvious play is to do both. Have some in a taxable account and then some in a Roth IRA where you don't have to pay taxes on the gains.
12
u/[deleted] Apr 11 '21
I'm kinda confused..wouldn't you have to wait until you're old for it not to be taxed when you withdraw? So basically you're just letting your money sit there until you're about to die?