What are the different types of retirement savings? Which one should I choose? Let’s answer these questions with our video about 401(k), 403(b)s, IRAs and Roths.
IRS Website 2022 retirement plan Change
Timecodes
0:00 – Intro
1:21 – Retirement Savings Plan Fundamentals
2:06 – Employer-Based Tax-Advantaged Buckets
2:45 – 401(k)
6:26 – Roth 401(k)
7:11 – Individual-Based Tax-Advantaged Buckets
7:42 – Traditional IRA
8:47 – Roth IRA
9:45 – Summary Of Retirement Savings Plans
10:20 – My Recommendation For Order Of Filling These Buckets
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
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This question is for educational purpose only not financial advice.
– Many 2nd generation children have parents that do not have retirement accounts. In my circle, parents are now turning 60 and are fortunate to invest. Would which investment vehicle is the most beneficial for those 60 and over.
Great video Tae! I was recently promoted and this video helped break things down!