[junar]

> Both on contribution and withdraw

To clarify, the same money generally isn't taxed twice. Contributions to pre-tax retirement accounts are not taxed, but distributions are. On the other hand, contributions to Roth accounts come from taxable compensation, but qualified distributions are tax-free. Finally, you buy taxable investments with after-tax principal, and only its earnings are taxed later.

> Keep in mind you can't start withdrawing until age 59 1/2

This doesn't apply to taxable investments, obviously, but even for retirement accounts, there are ways around that.

https://www.madfientist.com/how-to-access-retirement-funds-e...