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In 2020 as you think about your retirement planning, the question arises; Roth IRA or Traditional IRA, which one is better?

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Chapters:

0:00 Cold Open
0:44 Welcome
1:12 Background
1:57 What is an IRA
2:48 The Roth Difference
3:58 MAGI Phaseout
5:09 Contribution Limit
6:19 Early Withdrawal Penalty & RMD
7:19 The Roth Difference
8:57 Summary
10:11 Like and Subscribe

#IRA, #StarwelTax, #RothIRA, #IndividualRetirementAccount

★ This tutorial will take you thru the basics of an Individual retirement account. You can learn about the annual IRA contribution limit, and the difference between a Roth IRA and a traditional IRA.
★ As you determine which one is better, you can take your knowledge to Acorn Investments and start your retirement planning now, or contact a good financial planner to help you decide.
Either way, it is good to start planning your retirement now with either a Roth IRA or a traditional IRA. When you learn which one is better, you will feel more confident to start investing now.

★ With millions of Americans starting new businesses from home, some may want to know what you should do about retirement planning. What is the difference between a traditional and Roth IRA.

Disclaimer:
Starwel Tax & Biz Info and all of its affiliates and all related parties do not provide tax, legal or accounting advice. This material has been prepared for informational and entertainment purposes only, and is not intended to provide, and should not be relied on for personal tax, legal or accounting advice.

You should always consult your own tax, legal and accounting advisors before engaging in any transactions.

Legal Disclosure: I am not a financial advisor. The Financial information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on a video should not be considered investment recommendations. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to make money.

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