If you’re just getting started with retirement planning & don’t know which account to pick, this video is just for you! Leave a LIKE if you found this video helpful, & consider subscribing for more weekly content just like this!

🔔 SUBSCRIBE HERE ➡️

In this video you’ll learn the key differences between a Roth IRA, Traditional IRA, and a 401(k). These retirement accounts all have their benefits depending on your specific situation and age. I hope this information can help you get your feet in the water & get an idea for which accounts are best and when to use each one! Be sure to check back weekly for more life advice, financial tips, & psychological strategies to help you grow & optimize your life!

This video is NOT sponsored.

SUMMARY:
00:00 – What Are These Accounts?
01:55 – When Do You Pay Taxes?
04:04 – Paycheck Example
05:43 – Annual Contribution Limits
06:21 – Required Minimum Distributions
07:45 – Pre-Withdrawal Penalties
09:26 – Age Requirements/Other Stuff
11:22 – Which One Is Best For You?
13:23 – Final Thoughts!

IMPORTANT LINKS:
Want to get started with investing & saving for retirement? Try THIS app!
-Acorns
Referral Link:
This app can function as a checking account, investment account, & retirement account all in one! It makes saving & investing money easy, brainless, & automated. Recommended for beginners!

ADVERTISER DISCLOSURE:
This video & description may contain affiliate and/or referral links, which means if you click on one of the product links or sign up for a service, I may receive a small commission or referral bonus, respectively. This helps support the channel. All links provided in this manner are products and/or services that I stand behind or use myself. Thank you for your support!

– – – – – – – – – – – – – – – – – – – – – – – – – –

LEGAL DISCLAIMER:
I am not a financial advisor/legal professional & everything I share is my own opinion. My advice may not apply to you or your specific situation. Take everything I say with a grain of salt, consult a legal professional, & please do your own research to make the best personal decisions for yourself!

ABOUT ME:
My name is Caleb Clament, here to be your personal guide to self-investing! My goal is to provide you with tips, tools, strategies, & resources in order to help you invest in yourself, optimize your life, apply yourself as an adult, & grow to be your very best. I’ve had a great interest in psychology & personal finance from a young age, but some other passions I have include skateboarding, creating music, exploring nature, & reading. I love learning new things & teaching others. I want to see you thrive & achieve your goals!

Have a video to request? Leave a comment or send me a message about it! :)…(read more)

LEARN MORE ABOUT: IRA Accounts

INVESTING IN A GOLD IRA: Gold IRA Account

INVESTING IN A SILVER IRA: Silver IRA Account

REVEALED: Best Gold Backed IRA