Individual Retirement Accounts (IRAs) can help you pay less in taxes when you’re investing for retirement. This video explores two types of retirement accounts: traditional and Roth. We’ll compare the differences between tax-deferred and tax-free IRAs so you can decide which is better for you. You can also check out our IRA Selection Tool to help decide between a Roth or Traditional based on your unique circumstances.
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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
Excellent video!
So is there an additional tax form you need to fill out when having a roth ira or does the brokerage you use automatically take it out?
So Roth IRA be a better choice can someone help me a bit I’m new to this and wanna open a account
100% of my grade is determined off this project that’s due tomorrow. I need to state the difference between ROTH and traditional IRA’s for my chemistry class. Thanks.
So, if I plan to retire in 40 years from now, is Roth better? Im only 25. Will taxes be higher 40 years from now?
I can't see an advantage of the traditional over the roth IRA. If you're investing, you're hoping that that money will grow, right? Do you want to be taxed on the small amount of money BEFORE it has grown (Roth) or do you want to be taxed on the large amount of money after it has grown (traditional IRA)? Isn't this the more important thing to consider rather than what tax bracket you'll be in later as opposed to now?
Always Roth!
very informative, easy to understand
All these videos are great cause they keep it simple.
Where would be the best place to open a Roth IRA account ?
I'm trying to use my buying power to put down money for my TD ira I accidentally contributed to 2022 with an earlier deposit. Can I still put money in my 2021 contribution or only the most recent year? It hasn't worked so far
Easily one of the best videos discussing the key differences, thank you guys
So if I made 2 ira accounts would I spilt my 6000 savings into both accounts?
Roth is a TAX FREE IRA upon withdrawing the money you've earned throughout the years. You keep everything, dividends & interest, capitol gains both short & long term. EVERYTHING.
The most important thing…is to contribute early (now) and often; dollar cost averaging over the next five years in a self-directed Bitcoin account. End of story.
This is the best roth explanation video in youtube by far.
So if I were to give my money for example : $5,000 to the “ROTH IRA” and years later I needed that money back for an emergency…. could I get that money back without any tax or penalties?
I came here for the irish republican. Found lut how to save money
This is probably the best video I've seen on Traditional and Roth IRAs.
my tax lady told me to start putting into a traditional more… sounds like she doesnt see a prosperous retirement for me.
I’m very confused still, can you explain it more me in the comment?
Thank you , how much can I contribute a year? And what is the top limit?
Best explanation
Am I going to penalize if I contributed to Roth IRA within the normal range of contribution without a job, and my balance in debit is bigger than my Roth contribution within that year???
Very informative
Thank you for this.
If I have a government job that provides a pension, which account would be more beneficial?
Really helpful. If someone dies before age 59 and half what would happen to his 401k savings?
Where can I find a transcript of this video?
Do you have to invest for yourself in the IRA account, or the company invests your money for you instead?
As a first year college student, I’m working part time and I have some money saved up. Do you think it would be wise for me to open either a Roth IRA or a traditional IRA acc right now? I’m living with my parents, so I don’t think I would need to pay any high bills. They’re also helping me paying for college.
This was fantastic. Thanks!
I live in Turkey and I would like to open a TD Ameritrade account to trade US stocks and invest long term. Is that possible to do as a Turkish citizen?
Can I max out both a traditional and roth ?
Very informative video thanks
Finally a video on this subject that makes sense!
In a Roth IRA, how would you withdraw only the contributions without penalty?
For example, if I buy an ETF within my Roth IRA, and say it gains a certain amount of money, can I sell the ETF and withdraw the initial contribution? How does that work?
Dollar amount I put it minus gains of the stock? That’s what I can take out?
Thank you for this video