What is the difference between taxable and retirement accounts? I discuss about the advantages and disadvantages of these three separate accounts (Taxable, Pre-Tax, Post-Tax) and when you actually get taxed. I plug in a rough estimate for these scenarios to see where you come out ahead.

Want to open a Roth IRA or traditional IRA?
M1 Finance:

Already have a retirement account and you want to open a taxable account?
Robinhood:

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—————————– 💸 Personal Finance 💸 ———————————

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————————- 📖 BOOKS I RECOMMEND 📖 ——————————-
Note: I have read all of these books personally, and I will try to rank them in the order of how much I enjoyed and learned from them.

PERSONAL FINANCE

Rich Dad, Poor Dad (Explains the mindset revolving around money and simply differentiates what constitutes as an asset and a liability when it comes to what you own.)

The Millionaire Next Door (reveals the seven most common lifestyles and traits they’ve found in “Everyday Millionaires”, and it will challenge what you think of when you think of a typical millionaire. Maybe they even live next door to you.)

I Will Teach You To Be Rich (The author, Ramit Sethi, is well-known in the space of personal finance. In this book, he goes through practical steps of using credit cards, saving accounts and automating accounts.)

SELF-DEVELOPMENT
Can’t Hurt me (David Goggins shares his inspiring story of growing up in poverty and the transformation he went through to battle mediocracy through self-discipline, mental toughness, and hard work. Get ready to run through a brick wall after reading this.)

The 4 Hour Work Week (Revolutionized the concept of working less while still making a wage to avoid enjoying your retirement in your 60s and 70s but rather now. Possibly the one of the earliest to spark the idea of not being chained to your office)

—————————— 🎥 Camera Gear 🎥 ———————————–

Camera – SONY DSCHX80/B : (Amazon)
SD Card – SanDisk Ultra 128 GB : (Amazon)

—————————– 🎧 Audio Recording 🎧 ———————————-

Microphone – Blue Snowball iCE Condenser Microphone, Cardioid – Black :
Headphone – Mpow H19 IPO Active Noise Cancelling Headphones:
Zoom Recorder
External Microphone

—————————– 💻 Office/Studio 💻 ——————————

Davinci Resolve (FREE)
Computer – Acer Aspire 5 Slim Laptop :
Mouse – 2.4G Wireless Portable Mobile Mouse :
Two Studio Lights

————————- 💪 Home Gym Equipment 💪 —————————–

Power Rack Squat Stand:
300 lb Barbell Weight (not affiliated):

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Thanks for watching – if you like this video, remember to share it with your friends!
My name is Jongho, and I have a passion for self-improvement and personal finance.
I try to make videos to share the things I’ve learned along the way, and maybe help one other person to improve their mind, body, or money in the ultimate goal of living the life that he or she wants.
I am in no way saying that I know more than the average person, but I sure do love learning from others because I want to try and find ways to improve myself each and every day (but closed on public holidays for eating and sleeping).

————————- Disclaimers —————————
This description contains links to companies that I am affiliated with where I will earn a small commission on any purchases at no additional cost to you. These are products and services that I personally use and would happily recommend. This also helps to support my channel, so I can post more help content like this one. Thank you!…(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