The Military Wallet » Investing

Cryptocurrency investors must pay capital gains taxes on investments. Miners may also be subject to self-employment taxes. Here's what the IRS expects regarding cryptocurrency and taxes.

https://themilitarywallet.com/is-cryptocurrency-taxed-a-guide-to-taxes-on-virtual-currency/

Capital gains tax rates are based on how long you held an asset before selling. Long term capital gains can be lower than marginal tax rates, but not always.

https://themilitarywallet.com/how-capital-gains-taxes-work/

Did you know you can use your HSA as an investment vehicle? Your Health Savings Account has similar properties to an IRA. Tax-free contributions and tax-free growth. Learn how to invest in your H...

https://themilitarywallet.com/hsa-investment-options/

Tax-advantaged accounts can provide greater long-term benefits than taxable accounts.  In the military, the Thrift Savings Plan is a great first step toward saving for retirement. However, as yo...

https://themilitarywallet.com/choose-traditional-ira/

Which online stock brokerage is the best? Compare the best features at discount brokers, including online stock trade prices, options trading, trading tools, and other features.

https://themilitarywallet.com/best-discount-brokerages/

Roth IRAs are among the best retirement investment vehicles. They allow investments to grow tax-exempt until retirement age and offer tax-free withdrawals.

https://themilitarywallet.com/roth-ira/

What happens when you contribute too much to a Roth IRA? Follow these tips to correct the errors and avoid excess Roth IRA contribution taxes and penalties.

https://themilitarywallet.com/contribute-too-much-to-an-ira/

The 2024 maximum contribution limit for the TSP and 401(k) plans is $23,000 ($7,500 catch-up contributions). You can contribute up to $7,000 to Traditional and Roth IRAs ($1,000 catch-up contribu...

https://themilitarywallet.com/retirement-plan-contribution-limits/

Which is better - Traditional or Roth IRA? What you need to know IRA investments eligibility, deductions, taxation, and required minimum distributions.

https://themilitarywallet.com/choosing-between-a-roth-ira-and-a-traditional-ira/

2024 401(k) plan contribution limits increased to $23,000. Catch-up contributions remained at $7,500. View all 401(k) contribution limits from 2007-2024.

https://themilitarywallet.com/401k-plan-contribution-limits/