What is an IRA, and which kind is better for you? In this video, I want to walk you through the differences between Roth IRAs and Traditional IRAs so you can pick the one that will set you up for financial success. Consider this your crash course.
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#rothira #traditionalira #whatisanira #iras
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Timestamps
00:00 – Intro
02:00 – Roth IRA and Traditional IRA
02:36 – The main differences
05:31- Which to choose
07:02 – Question
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what is an ira, what is the difference between a traditional ira and a roth ira, how to choose an ira, how to retire, how to invest…(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
Have you committed to a retirement IRA, and if so are you taking your advantage of this IRA? Leave a comment below!
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Get the max from your company match if offered, then max your ROTH!
I quit teaching and just rolled my pensions over to an IRA. Wondering if I should’ve did a ROTH
Yum
In P.R. regular 401k does not pay taxes on the first $15k per 401k.
IRA actually stands for individual retirement arrangement. It’s an arrangement from the government for you to have a break on taxes.
Hope your eye gets better Phil! Health is important
IRA? Is your eye okay?
You hit on the issue. For the young—Making post tax contributions when can least afford to or simply have relatively lower earning power. Will tell the young that it will payoff, and that is investing early and regularly. Make it part of your routine.
Great content as usual. Excellent camera quality, too. Which camera is used in this video?
Phill I'm a big fan and I'm from Europe I can't find any information regarding this. Is there for Europeans like Americans a advantage in keeping a stock and just selling it after a year? Or is this only for Americans
Everyone should have some in each type of fund. Then in retirement you can withdraw from the traditional up to a certain bracket while rounding out your income with the tax free dollars of the Roth. Also should be contributing to a traditional IRA when it will reduce your tax bracket if possible
For me personally, the only thing better than a Roth IRA is a HSA that has investments within it. The HSA isn’t taxed when contributing or when used for medical expenses.
What if you sell a stock in your IRA to buy a different one. Does that transaction get taxed?
The Roth IRA is one of the best investment vehicles out there. Great video!
Roth = Tax free growth! Best investment vessel hands down especially if you will be in the market for more than 10 years.