Boost your retirement funds(IRA) with your own Stock portfolio.

It’s fall 2020 now that I’m writing this article. The stock market is at the worst time of the year. Furthermore, the U.S. presidential election is more chaotic. However, this year’s NASDAQ growth is still appreciated for those who invested in IT stocks early on. NASDAQ; up to 29.3%
Although uncertainties remain in October and November, I believe that in the end, we will ensure as much growth as we expected in the future.

I don’t buy and sell stocks every day like institutional investors, but I sometimes buy and sell stocks and collect the difference. However, in the TAX season, there are times when people are annoyed with the burden of paying taxes on profits and looking back on a lot of transactions.
It was an investment for retirement funds, and I thought it would be great if I could postpone TAX or at least reinvest my taxes.

Perhaps one of the easy ways is to invest through stock brokerage accounts.
Recently I opened an IRA account through TD Ameritrade. I need to find out if there are any restrictions yet, but I think I am satisfied with what I wanted.

One thing to know is that there are restrictions on payment. Based on the IRA standard in 2020, people under the age of 50 can pay up to $6,000 a year, and those over the age of 50 can pay up to $7,000.

IRA contribution limit link

This is separate from the 401K contribution limit, so I hope there is no confusion.
For your information, 401K or 403(b) can be contributed up to $19,500 per person.

401k contribution limit link

So which kind of account should we open, the Traditional IRA or the Roth IRA?
Simply put, when comparing the amount to the amount of TAX you are paying for your post-retirement revenue (including the amount taken out of the Traditional IRA account), the answer is to choose the Roth IRA if the amount is larger than the amount you have to pay for TAX after retirement or the Trendal IRA if the amount is small.

It is expected that there will be a few adjustments in the stock market in the near future. I intend to buy up blue-chip shares little by little. Of course, I will keep it until I retire. I opened the Rot IRA.