, like the brokerage accounts offered by some popular investing apps, don't have the tax perks of an IRA or another retirement account.
Poppy agrees that individual taxable investment accounts should come before retirement accounts. "You have a little bit more flexibility since you can take out different shares, and you can really control the tax consequences a little bit better," says Poppy. These accounts give you more control over what you're selling, which is important in a volatile market like today's.
Taking funds from a taxable investment account first can help you preserve that money that's growing with compound interest and tax advantages in your retirement accounts. The next best option is withdrawing from a, Scribner says. "Consider taking money first from pre-tax accounts or traditional retirement accounts before Roth IRA accounts," he says. The opportunity for tax-free withdrawals from Roth IRAs should be preserved wherever possible.
In traditional IRA and traditional 401 accounts, money is taxed as income when it's taken out in retirement. With a Roth IRA,Anything you take out now from a
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