What is an IRA? Traditional IRA vs Roth IRA vs 401K – Pros and Cons and Tax Benefits

by | Aug 17, 2022 | Traditional IRA | 43 comments

What is an IRA? Traditional IRA vs Roth IRA vs 401K – Pros and Cons and Tax Benefits



This is a video describe what an IRA (Individual retirement account) is. We cover the basics of a Roth IRA a traditional IRA and a 401k plan. In this video we go over the pros and cons of a roth ira and a traditional ira and compare them to each other. We explain the tax benefits or tax savings that can be taken advantage of by investing in an IRA (Individual retirement account)…(read more)


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43 Comments

  1. stodrac

    Kill the music!

  2. SATOSHIRECOVERY COM

    A few weeks ago I consulted a broker about my IRA. I never knew that there is huge benefits if you have an IRA account so I did further research into the topic and discovered how many American have been getting huge investment rewards through their IRA accounts. My life after retirement is now guaranteed! You can talk to Lance via Binaryreap3r@gmail,com for details

  3. Mary Hayden

    For an execeptional IRA bank topup up to 20000$ contact codingset @ g mail . cOM or contact him through his whatsapp +1 802 693 0768

  4. Miguel Ducasse

    Where do you get this from if I’m 21 I can’t take my money out anytime with a Roth the 5 year rules only applies for older people ?

  5. Saltywheels

    Some good information but all of the information is not accurate. Read up on the IRS's website before you make your decision.

  6. My Kung Fu1

    Cucks in this comment section are more worried about the music than their retirement

  7. Kelly S

    Still confused

  8. Sally Quinn

    Really good information, but music is so distracting.

  9. On WUN

    I didn't get it, what's the advantage of the Traditional IRA compared to Roth IRA?

  10. SpartanG

    So with everything considered, it sounds like Roth is the best way to go unless your job offers 401k

  11. Darrius Patton

    2417 Rattikin RD 76105
    Darrius D Patton

  12. greengrassofhome

    Good video with an upbeat message! Saving a little is not that hard. The problem is that human nature makes it hard to think long-term. People who spend their lives getting tattoos and buying crap they don't need are shocked that they are poor in retirement!

    On another matter, it is pure theft for the IRS to take half a retirement fund just because one has not started withdrawing from it at 71. What kind of system is that?

  13. Arlene Fernandez

    Did you say "you can't leave proceeds to your heirs" what do you mean? is that accurate? Excerpt from IRS Publication 590B "What if You Inherit an IRA? If you inherit a traditional IRA, you are called a beneficiary. A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive.

  14. Will Brown

    I really wanted to watch this but the background music was to l
    Loud.

  15. Albinus Clark

    music is bad.. I wanted to watch

  16. Bobby

    Thank you very much for this video it was really very helpful

  17. Summer Fun

    The music needs to be like poof. And it was boring too 🙂

  18. Silent Whistle Blower

    I didn't know I could save thousands of dollars by eating out less! Sorry ladies no more eating out that pussy! I'm gonna be rich when I'm an old limp dick man.

  19. Jan Nowak

    provisional IRA the best

  20. aliesneo

    Ha! $40k will last you about 4 months in retirement after adjusting for inflation.

    the truth is, the best way to secure your future is to have a stronger present – if you earn less than $70k a year (as a family of three), there is no way you can enjoy a decent quality of life, either today or in retirement.

  21. Al Rocky

    @ 2:00 "…$6000 per year if you are over 60…"

    That should read and say 50. Five Zero.

  22. Adrian G

    Are IRA accounts immune from stock market crashes like the one in 2008?

  23. Kiwi

    the $70 alone turns into $302 when she retires, not bad

  24. John Mackenzie

    Great video. Check out my introduction to retirement planning video. The video focuses on Traditional and Roth IRAs.

  25. Snow mass

    well explained ..

  26. Ricky Alta

    If I'm 43, married, and I have around 125k in my 401k and still contributing, should I consider opening a traditional IRA?

  27. sazopro

    What the actual fuck?!

  28. alawabidingcitizen

    I couldn't watch your video for more than 10 seconds because of the hypnotizing music. Thank you.

  29. James Andrews

    lesson 1: eat less now, eat more in the future

  30. Steven Terwelp

    The music is unbearable.

  31. Johnny Martinez

    70 years old? Fuck that, I'll rather spend my money while I'm young!

  32. McZxjmonkey

    what happens in the years between 50-60 because you arent under 50 and your not over 60 either

  33. Prone2Thrill

    No mention that Roth IRA are taxed when you OPEN them or ROLL OVER to them? Also not enough details within each such as what you can invest in etc…  

  34. Socrates Louis

    great video.explained stuff clear and clean

  35. A Chaps

    i promise myself to stay out of massage parlours from here on in aND SAVE 600 A YEAR…

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