I am military and wife is civilian. We both currently max our 401k type of retirement accounts (neither of which are a 401k) and max our individual IRAs.
I am currently sitting a small savings in my primary bank, and stashing the rest of our savings into an HYSA with AMEX. The HYSA is growing larger than we need for liquid cash. My plan is to start flowing savings into the investment account and stack index funds.
I have a personal investment account next to my Roth IRA (at schwab). Is there a tax advantageous way to have money grown in the personal investment account moved to the Roth IRA every year when I am funding my IRA?
Personal Investment Account to Roth IRA?
byu/ZoWnX inMilitaryFinance
Posted by ZoWnX
1 Comment
Nothing I’ve ever heard of. Using a taxable brokerage account is tax advantaged by itself. As long as you’re holding your stock for at least a year, it’s taxed as capital gains instead of income, which is much more advantageous.
You’re doing it all right, so I grant you props