178. How to Make the Most Out of Your IRA

Coffee and Coin Podcast

English - March 28, 2024 12:00 - 33 minutes - 32.8 MB
Self-Improvement Education Business Investing investing money investments saving wealthy finance budget invest women female Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed

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Next Episode: 179. How Sarah B. Knocked 25% Off Her Mortgage in Just 2 Years

Did you know that you have until April 15th, 2024, to contribute to your 2023 IRA?

If you haven't maxed yours out yet, this episode will share everything you need to know about making the most out of your IRA.

Allegra and Whitney explain everything you need to know about the difference between Roth and Traditional IRAs, the restrictions on contributing to and withdrawing from IRAs, and why IRAs are great investments.

LISTEN TO LEARN

What an IRA is, and why you may want one even if you already have a 401(k) How to make the most of your IRA and avoid costly penalties A breakdown of the different types of IRAs - Roth, Traditional, SEP, and SIMPLE How to determine which IRA is right for you and your goals What action steps to take to open an IRA account

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