OT: investing Bankroll

[bilbo-san]

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Put it into a roth

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I don't know if you are referring to poker winnings but they do not count as earned income for an roth, right?

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You can put up to $X in a roth/year (too lazy to look up the number).

Whether or not that money comes from your job or not is irrelevant.

The point of a roth isn't *just* that it's before-tax money. It's also that it isn't taxed when you take it out.

So a person with no job, no income, and no taxes could still invest the yearly limit in a Roth (because whatever he earns won't be taxed if he takes it out after 65).