What’s the difference between a Roth and a Traditional IRA? What about a 401k? Let’s discuss the pros and cons so you can make the best decision for YOU! financial independence starts now
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Chapters:
0:00 – Intro
0:15 – Traditional IRA vs. Roth IRA
1:00 – Big difference: taxes
1:16 – Traditional IRA: pay taxes later when you withdraw
2:59 – Roth IRA: pay taxes upfront
3:32 – Early withdrawls
4:13 – Now vs. later
4:30 – IRA calculator examples
5:16 – What if taxes go up in the future?
7:02 – What about a Traditional vs. Roth 401k?
7:56 – Employer contribution may get taxed in the future on a Roth 401k
8:48 – Rolling Roth 401k into IRA
9:24 – Which one is better for you?
Investing and trading are two different beasts. Please do your own research and due diligence before buying or selling stocks, options, forex or equities. These are opinions only, please make financial decisions on your own. Personal Finance is important!
#stockmarket #investing #retirement…(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
1. Financial investments can be emotionally exhausting/frustrating in a case where inconsistency in trade wins is much. Positive Results are guaranteed more if one works with a reliable professional. My most sincere take though!!
what about a roth 401k
I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.
"Be good in chat" lmao
Investing is worth the hard work. If you don’t save and invest now, you won’t have anything to live on in retirement.
But I have a 403b
Here from the stream. Thanks for these man really appreciate the knowledge!!
Ok boomer
Question: I'm 20 years old with 2K credit card debt and I am living with my parents. I have 8K into savings and an offer from friends to go share flat for $250/person per month. I am currently unemployed, but I am 2nd year studying law. Should I go with my friends to live away from my parents, or should I invest my money into short ladders, because of the flip potential
Actual question though,
For various countries and jurisdictions,
is it ever better to not put money into a pension fund of some sort?
Instead invest it yourself, into a total market ETF, as an example.
Or should you max out the retirement fund, and then invest individually into something else?
Thanks!
btw for Canadians,
Traditional (IRA) = RRSP
Roth IRA = TFSA
Thanks for the video, Stocky. I just took out a $6000 loan so I can start my ROTH IRA 🙂
hi, chat! waves his hand
Wait, the government is doing a short ladder tax attack on my Traditional IRA? Wtf
Thank you Stocky now I can be a degen with my retirement too!
Question: I'm 33 yrs old if I start a roth with lets say something as low as 2k what would be my tax responsibilities in the near future? ..or immediately? Thanks for the videos learning a shit load.
i love lamp
I am not American but this was a great breakdown and will help loads of people down the road!
I have a tsp account since I was in the military is that like a Roth IRA?