I am in a high tax bracket so no ROTH IRA and only nondeductable IRAs are allowed for me. I have enjoyed buying and selling FSLR for about a year in my Traditional IRA. All contributions have been non-deductable. I assume these short-term purchases are better in an IRA since I will not have short term cap gain taxes NOW. And will only pay INCOME TAXES on this when I retire (25 years from now when I reach 70 1/2) - I assume my tax bracket and therefore my income tax rate will be lower since I will be old & frail and have no income. Is this assumption wrong???
Lance
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Billy
that is the correct assemption. there is also the benefit of making returns on the tax money that you would have had to pay if it was not in an IRA account. tba
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