El_Mero_Mero
All Star
Is what this breh said about opening up a Roth IRA good information to follow?
1.) Furthermore, "if" I somehow managed to retire at 45, would I get taxed for taking everything out of my Roth IRA (since most retirement programs tend to consider retirement age to be in the 60s)?
2.) Hypothetically speaking, if I purchased 10,000 shares of McDonald's all at once, and didn't touch them at all for 10 years, what would the difference be between doing this within my Roth IRA vs doing it outside of the Roth IRA on a regular platform like RH, TD, Fidelity, etc. (remember, these are shares that I just bought and never touched).
*I don't have a 401k, and I may never end up working the kind of job where I would be offered a 401k, so let's just make believe that doesn't exist in my case.
1.) Furthermore, "if" I somehow managed to retire at 45, would I get taxed for taking everything out of my Roth IRA (since most retirement programs tend to consider retirement age to be in the 60s)?
2.) Hypothetically speaking, if I purchased 10,000 shares of McDonald's all at once, and didn't touch them at all for 10 years, what would the difference be between doing this within my Roth IRA vs doing it outside of the Roth IRA on a regular platform like RH, TD, Fidelity, etc. (remember, these are shares that I just bought and never touched).
*I don't have a 401k, and I may never end up working the kind of job where I would be offered a 401k, so let's just make believe that doesn't exist in my case.