Quote:
Originally Posted by GregWeld
A guy can only make 5% or so on a million bucks -- that's 50 grand a year GROSS.... you will be paying taxes on that gross! 50 grand a year -- is now NET 40 grand or less depending on where you live.
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Quick question. On a Roth IRA account, are all gains tax free(growth and dividends)? I believe it would be hard to get to a million$ in a roth IRA given annual contribution limits, unless you made some lucky picks.