shawnhersh
Dryer sheet aficionado
- Joined
- Oct 26, 2021
- Messages
- 26
This is a tax question…
Is there any difference in a brokerage account vs an IRA, if I buy and never sell? I do not qualify for a Roth.
The reason I ask is I don’t like the idea of not having access to the money until 59, so if I buy index funds and plan to never sell, wouldn’t it be essentially the same thing. I realize once I do sell I will have tax obligations. Again, I don’t qualify for a Roth.
For reference, I put about $10k a month in my brokerage account which goes into VOO.
Is there any difference in a brokerage account vs an IRA, if I buy and never sell? I do not qualify for a Roth.
The reason I ask is I don’t like the idea of not having access to the money until 59, so if I buy index funds and plan to never sell, wouldn’t it be essentially the same thing. I realize once I do sell I will have tax obligations. Again, I don’t qualify for a Roth.
For reference, I put about $10k a month in my brokerage account which goes into VOO.