2020 Retirement Account Limits // Retirement Plans Explained // Roth vs Traditional IRA / 401k

by | Oct 7, 2022 | Traditional IRA | 4 comments

2020 Retirement Account Limits // Retirement Plans Explained // Roth vs Traditional IRA / 401k




Have you ever wondered about the different types of retirement plans? Deciding which retirement account is best for you can feel overwhelming. Quite a bit has changed regarding retirement plans in 2020 including: 401k 2020 contribution limit, 2020 IRA contribution limits, 2020 Roth IRA limits, the CARES Act 401k withdrawal, SECURE Act RMD in 2019, and many others.

If you are interested to learn more about the Roth IRA, Traditional IRA, 401(k), 403(b), or the 457 plan – then this video is just for you. This is the 1st video in a two-part series regarding the many different types of retirement accounts. In the 2nd video, I’ll explain the SEP IRA, SIMPLE IRA, and Individual 401(k) plans.

PART 2: Retirement Accounts Explained (2020):
(SEP IRA, SIMPLE IRA, Individual 401k)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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4 Comments

  1. Frank0020

    I have an IRA from past employer..annual maximum?
    A 401k present employer, but only has a few funds. Is there an alternative?
    Have personal Roth already.
    Thanks.

  2. Novice coin guy

    By the way I'm 60 yrs ok'd. Thanks

  3. Novice coin guy

    Hi KScholl recently loss my job. I have an 401 k. Plan to roll over to cd account what are the consequences regards taxs.

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