안녕하세요, 미국변호사/회계사 존청입니다.

” IRA 들고 싶은데 전혀 정보가 없습니다. Traditional? Roth?” 주제로 실제 사례 분석 QnA 영상을 업로드해 드립니다.
영상에서 다루고자 하는 질문이 있다면 이 영상에 댓글로 달아주시거나 QnA 라이브에서 참여해 주시면 선정 후 다음 영상에서 참고하여 반영해 드립니다.

#IRA #은퇴연금 #미국은퇴계좌 #미국은퇴 #은퇴계좌 #미국변호사 #미국회계사 #존청 #JohnChung

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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

If you are thinking about opening a Traditional or Roth IRA but have little to no information about retirement savings and pensions, don’t worry. Here is everything you need to know about these retirement accounts.

First of all, both Traditional and Roth IRAs are individual retirement accounts that offer tax advantages to help you save for retirement. The main difference between the two lies in how and when you receive the tax benefits.

A Traditional IRA allows you to contribute pre-tax dollars, meaning you can deduct your contributions from your taxable income in the year you make them. This can help lower your current tax bill and allow your investments to grow tax-deferred until you start making withdrawals in retirement. At that point, your withdrawals will be taxed as ordinary income.

On the other hand, a Roth IRA requires you to contribute after-tax dollars, so you won’t get an immediate tax deduction. However, your investments will grow tax-free, and qualified withdrawals in retirement will be tax-free as well. This can be advantageous if you expect to be in a higher tax bracket in retirement or if you want to minimize your tax liability in the future.

In terms of contribution limits, both Traditional and Roth IRAs have a maximum annual contribution limit set by the IRS. For 2021, the limit is $6,000 for individuals under the age of 50 and $7,000 for those aged 50 and over. It’s important to note that these limits can change each year based on inflation.

When it comes to eligibility, anyone with earned income can contribute to a Traditional IRA, while Roth IRAs have income limits that restrict high earners from making contributions. Additionally, Traditional IRAs have required minimum distributions (RMDs) starting at age 72, while Roth IRAs do not have RMDs during the account holder’s lifetime.

In conclusion, if you are looking to start saving for retirement with an IRA but don’t know where to begin, consider the differences between Traditional and Roth IRAs outlined above. It’s also recommended to consult with a financial advisor to determine which type of IRA best suits your financial goals and circumstances. Remember, the key to a comfortable retirement is starting to save early and consistently contributing to your retirement accounts.