Traditional IRA explained | A quick explanation of the Traditional IRA and rules

by | Jul 30, 2022 | Traditional IRA | 35 comments

Traditional IRA explained | A quick explanation of the Traditional IRA and rules




As always we get right to the point and cover all the details of the Traditional IRA.

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35 Comments

  1. Why Not

    I've had 2 different financial advisors with 2 companies. Both mismanaged my money. Im gonna try yo manage my accts myself

  2. DatCleverOldFox

    great video, horrible outro xD

  3. A K

    Finally, I understand

  4. Grant Magner

    My income is too high so I don't qualify for any tax deductible contributions to a traditional IRA…. My question is this… if I contribute $6000 now (and let's say this $6000 didn't grow & stayed at $6000 the entire time). When I'm 60 years old and I withdraw this $6000, do I have to pay taxes on it again? If this is true why wouldn't I just put the $6000 in a regular brokerage account and only pay tax on the capital gains (which in this case would be $0)?

  5. Edgard Zaldua

    Thanks for the video and information, very helpful! What steps do I need to take in order to move my 401k over into an IRA?

  6. MICHAEL CRAWLEY

    What if i made $6000 in capital gains this year. Can i move that money into traditional IRA and defer the taxes until retirement?

  7. Annie Rose

    I am still so confused as to what the best option is for my money. I think I need someone to advise me on what to do.

  8. J Gerard

    Do I contribute from my paycheck? Isn't it already taxed at that point?

  9. Jordan Julaton

    great explanation regarding IRA, how about if a person becomes disabled before reaching the age of 59? does uncle sam still going to tax the perosn? Thank you!

  10. Ana Luisa

    Traditional IRA or regular brokerage account?

  11. Sergey Nadykto

    Can I do a rollover from my Pension to an IRA and withdraw that money after ? Want to pay my house mortgage off. I’m young enough not to be thinking about retirement yet. But can pay off my house with my pension, but pension that I have won’t let me withdraw any money until retirement.

  12. ILou

    Was trying to find the Irish Republican Army but now I have a secure retirement fund

  13. Lxnny

    Dumb question—I thought The Roth IRA was already taken from your post taxed income—what’s all of this stuff about being taxed to touch it? I thought tax/penalty was only incurred if you touched the interest.

    I also thought this was the fundamental difference between the Roth IRA and a Traditional 401k

  14. Tyler Johnson

    Do you have to take it all out at 59 1/2 or whatever you want and you just get taxed on the amounts you take out?

  15. Tyler Johnson

    Isn’t investing in stocks, bonds etc the same as taking money out of an IRA to do that?

  16. Protector K9

    what about married couples what is the limit for younger than 50. year 2019 and 2020

  17. Vernon Interiano

    Great info !
    Thank so much , I am allowed to have both a traditional Ira and a Roth ?

  18. LinkedbyM3

    Wow thank you for your videos i love it very funny and to the point

  19. Alejandro Lopez

    Simple and well explained. Great work!!!!

  20. oivas2010

    So the money I put in my traditional IRA has already been taxed from my paycheck, and when I retire, IRS will tax my withdrawal. So does that mean, I get tax a second time on the same money I've been depositing all these years that's already been taxed?

  21. Ewen Mackenzie

    This is super informative! Thanks man

  22. Ewen Mackenzie

    Very informative video! Thanks

  23. Gerry Adams

    Can traditional ira take back northern ireland?

  24. Danielle Rivera

    Do you think its a good Idea to open a IRA if your basically living pay check to pay check like most Americans are?

  25. Yg Bodybuilder

    Well I really want to lower my tax bill for the next couple years. I already put money in a 457. I'm looking to put some in the IRA. I want all my money and as less as possible to go to irs

  26. spiralnapkin

    So with a traditional Ira I can take money out at age 59 and a 1/2 with no penalty, is that correct?

  27. Jalapeno news network

    Can a profit sharing investment be transferred over to a ira?

  28. Veronica

    You are great at explaining these products. Crystal clear now. Thanks for making the videos.

  29. 21st century Viking

    I just started my a chase account traditional IRA Im 30 yrs old and im contributing $20 a week to it through my account. Is that too little and do i have to actually invest in something or does it gain interest overtime? Any info would help

  30. Chris Grant

    So if I contribute $1000 to a traditional IRA in the 25% tax bracket, do I deduct $1250? I've been having trouble wrapping my head around how your not losing money when you contribute to a traditional IRA.

  31. Sienna Bash

    How much do you have to make to be eligible for a traditional IRA? I know for a roth IRA it's 120k is it the same for a traditional?

  32. Tim Duncan

    These videos are great! Very simple and straightforward. It's a shame they do not get more views. Shows how much people care about investing, I guess 🙁

  33. Maiture ·

    any video on indexed universal life ?

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