Traditional Vs ROTH IRA – Which Should YOU Choose?

by | Aug 4, 2022 | Traditional IRA | 29 comments

Traditional Vs ROTH IRA – Which Should YOU Choose?




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Traditional Vs ROTH IRA – Which Should YOU Choose?
There are so many questions that we have to ask ourselves when deciding where to invest our nest eggs for retirement. Just concerning the IRA alone there’s: Should I invest in a ROTH or traditional IRA? How do I invest in IRA? How much can I invest in an IRA? Well today I’m going to be answering these and many more common questions surrounding IRA. This is everything you need to know about IRA!

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29 Comments

  1. Next Level Life

    Want to support this channel? You can and expand your financial knowledge at the same time! Get FREE Audiobooks and 2 Audible Originals (and support this channel!) with a 30-day Free Trial of Audible: https://amzn.to/2zEFqhT

  2. Tim hill

    Ira trash brokage account better

  3. matt

    Update. It is now $6,000 under 50. $7,000 over 50.

  4. Laura Fernandez

    hey, can i know if i can still contribute to my roth ira if im not working?

  5. R Ben

    So if someone wanted to start a Roth IRA for their children. I could start it for them when they were born and contribute on their behalf until they are old enough to contribute on their own?

  6. Ermie T

    Your sketches are distracting. Wish you explain them with simple illustrations.

  7. A D

    8 minutes! 8 minutes of listening to this before I got a splitting headache!
    And since you don't even mention people making less that 100,000 per year I understand that this whole IRA/ROTH IRA is not for poor people at all…. [sigh]
    And I thought I could get a simple explanation…

  8. saleens7805

    You made it Super confusing!!!!

  9. provishky

    Thats why the middle class is so bad.

  10. Steve Amuz

    Thank you for this great video. Much appreciated.

  11. SayWord

    what about rollover ira

  12. Sarafromthecity

    I still don’t know witch one to choose 🙁 just a bunch of scenarios and idk witch one is better. Thank you for trying though.

  13. Suresh Bharadwaj

    Your writing pictures is a big distraction. I could not concentrate on the matter. Sorry.

  14. Mywtfvids

    Can you make one less complicated plzs thanks

  15. OnePsychoPanda

    Can you open both. Let’s say you opened a Roth IRA then you open traditional orange at the same time until you retire?

  16. Jorge O.

    Can I do both ?

  17. Kai Sosceles

    The reason why minimum distributions are required on Trad IRA's is because the money has been growing tax-deferred all this time–and eventually the Govt wants to tax that money. If you never withdrew it, they could never tax it. So they force you to withdraw to grab their cut.

  18. litojonny

    savings? nah YOLO'ing in WSB

  19. BigA

    From my understanding which ever one you go with isn’t bad. Especially starting out. Either way your money needs to sit there for 5 years minimum plenty of time to learn. It more depends on your life like I want the opportunity to pull my money out earlier than 59 with the fact that I have a retirement account through work. If you have nothing start anywhere and you’ll be fine if your 30 and under just get in and pick your stocks wisely

  20. Tacoma HTX driver

    Yeah ok i got said no one on here literally

  21. BIG BOI

    Where are the car bombs at?

  22. Carroll McPherson

    Man i am sorry but this Vid never did clearly explain the difference between the two that i could discern.

  23. max jones

    Is there an English version of this video?

  24. HA R

    can one max out one's 401k, Roth IRA and IRA on any given year? Legally?

  25. Pacific Reef

    Does it makes a difference if I contribute on my Roth IRA a $6000 now (start of the year) than contributing at the end of the year?

  26. Ben Den

    Alimony and child support should be considered income.

  27. Ana Luisa

    Magi vs agi need its own video tbh

  28. First Name Bloc

    I've been told about going for a provisional ira but I'm not sure, should I?

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