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absurdamerica t1_j2eo8vn wrote

Reply to comment by [deleted] in trying to follow the wiki. its a lot. am I getting the right idea? by awildturkeysammich

The Roth IRA doesn’t reduce taxes. You put money in that’s already been taxed and it grows tax free.

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awildturkeysammich OP t1_j2eptd9 wrote

So whats the 6K that the wiki mentions while talking about IRA's?

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absurdamerica t1_j2eqlqm wrote

That’s the yearly limit. They don’t want you to be able to have a ton of money growing tax free.

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