Roth IRA Vs. Traditional IRA: Todays video will explain each:

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The Traditional IRA explained:
Established in 1974.
Allows you to save money on a pre-tax basis.
Contributions grow tax deferred
Gives you a tax deduction immediately (subject to income limits)
Max contribution for 2021 is $6000 ($7000 over 50)
Anyone with earned Income can contribute
Withdrawals are penalty free after age 59 ½
Penalty of 10% if withdrawn prior to 59 1/2
Distributions are mandated at age 72
Taxed as current income in the year withdrawn
The Roth IRA explained:
Introduced in 1997
Named for it’s sponsor, Senator William Roth
Allows for after-tax contributions
Contributions grow Tax Free
There is no tax deduction in the year deposited
Max contribution for 2021 is $6000 ($7000 over 50)
Can contribute if earned income below a certain level (single $140K, married $208k – 2021)
Withdrawals are penalty and tax-free after 5 years and age 59 1/2
The key difference between and Individual IRA and a Roth IRA:
Do you want to?
Take advantage of a tax break today – Individual IRA
Enjoy Tax-free withdrawals in the future – Roth IRA…(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