Roth IRA vs Traditional IRA – Which IRA is the BEST option for you? Is one better than the other? In this video, I’ll go over the similarities and differences of these two Individual Retirement Accounts known as IRAs. To name a few we’ll discuss the annual max contribution, tax benefits, and contribution eligibility. Also, I’ll share which IRA type I contribute to.
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CHAPTERS
0:00 Intro
0:34 What is an IRA?
1:02 Similarities
1:43 Traditional Pre Taxes
2:00 Roth Post Taxes
2:38 Roth Annual Limits Single
3:24 Roth Annual Limits Married
4:12 Withdrawal Rules
5:17 Which is Best for You?
6:33 Outro
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Disclaimer: This video is for information and education purposes only. These are my personal ideas and opinions. They should not be taken as recommendations or financial advice. I am merely sharing my investment journey. Before making any investments, please do your own research and consult with a professional….(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
Which IRA do you contribute to? Let me know in the comments below
Good information Edwin. Thanks for your great explanation if the two types of IRAs.
Great video and a question that often springs up for most investors at the onset of their journey. Personally, I do have both, however, I recommend the Roth IRA as it as more benefits in my opinion. Regardless, as long as one is playing the game of taxes is ultimately what matters for it is never about how much you make, but rather how much you are able to grow!
That new intro is banging! Non-US citizen here, but I've been exploring our version of tax-advantaged accounts this year too.
The legendary Eddie V — love the new intro man, and love the topic of this video as well. Super helpful for me actually, planning on creating an IRA sometime next month. I think I'll be going with the Roth
Great video EDV. I like how you are branching into the universe of personal finance. I do the back door Roths for me and my wife.