HI ER peeps
I am a college senior who at the beginning of the way to my early retirement. Yet, there is one thing I concern the most at this stage, which is choosing the best fit investment platform for myself. I have been trading options for few months in my Roth IRA account, but I just found out there is a 10% penalty along with tax treatment for early withdrawal. However, I could not find further information about what type of tax is that, and what is the rate for it. Thus I am think if it would be better for me to trade in regular individual account instead; because I will need the money for the down-payment of my first house and real estate investment in the future. If, just as an assumption, I could gain 40% per year with options, which type of account I should be trade in? Could you guys please give me some advice?
Thanks!
I am a college senior who at the beginning of the way to my early retirement. Yet, there is one thing I concern the most at this stage, which is choosing the best fit investment platform for myself. I have been trading options for few months in my Roth IRA account, but I just found out there is a 10% penalty along with tax treatment for early withdrawal. However, I could not find further information about what type of tax is that, and what is the rate for it. Thus I am think if it would be better for me to trade in regular individual account instead; because I will need the money for the down-payment of my first house and real estate investment in the future. If, just as an assumption, I could gain 40% per year with options, which type of account I should be trade in? Could you guys please give me some advice?
Thanks!