, and are named for Delaware Senator William V. Roth, Jr., who sponsored the legislation that led to their creation. Let's start from the top. If you work for a living, you'll want to put a portion of your wages aside on a regular basis so that you have funds to draw on when you're no longer bringing in a regular paycheck in retirement.
This aspect is particularly important to note, because if all goes well in your career, your retirement-age income will be much higher than your current income. Meaning you'll likely be paying taxes on your retirement funds at an inflated rate, having been boosted into aBut for the Roth IRA, things are the other way around. There's no tax incentive in the short term; your entire income will be taxed as usual, no matter how much you pay into your Roth.
You can withdraw your contributions from a Roth IRA without penalty before age 59 1/2, but not your earnings; that's not the case with a traditional IRA — you'll pay a penalty for early distributions. For those 49 and under who meet the above requirements, the most you can contribute to your Roth for the years 2019 and 2020 is $6,000. Those aged 50 and older, meanwhile, see the cap raised to $7,000, with the hope that the increase will help those closer to retirement age catch up on savings.
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ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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