How does gig economy positions affect your investments such as (i.e. 401k,403b,Roth Ira etc?) : Gig economy income would be treated as earned income, and thus subject to the same retirement investment opportunities and limitations as all other earned income.
What tax penalties are affected if you touch the gig monies put into your investment accounts? : Again, gig economy income is treated as earned income, and treated the same as any other earned income placed in investment accounts. Investments sold in non retirement accounts are taxed at capital gain rates. If placed in a retirement account, then early retirement withdraw penalties would apply, depending on the type of retirement account.
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