The Ins and Outs of IRAs

On this episode of Tape Talk we talk all things IRAs, what are these mysterious vehicles that allow you to live the retirement life of your dreams?

A Quick Look Markets Here.

Before we get into this week's topic we take a look at what's been going on in the markets. With the major stock indices at highs, what's happening beneath the surface? How is rotation playing out across sectors? 

New Name, Same Great Firm.

If you've been listening to the show the last few weeks then you've probably heard, Tatro Capital is transitioning to Joule Financial. Find out a little more of what went into the brand change and what it means going forward.

What's A Traditional IRA?

Most people are familiar with a company retirement plan such as their 401k but we often get questions on what an IRA is and the nuts and bolts of how it works. We'll break down how your contributions work, what the tax implications are, early withdraw penalties, and required minimum distributions. 

What's A Roth IRA?

If you're ready to supercharge your retirement savings strategy you may want to add a Roth IRA to the mix as well. We'll talk through how they differ from a traditional by looking at the tax benefits, early withdraws from a Roth, and Roth required minimum distributions. 

Lightning Round: IRA FAQs

Before we wrap up for the week we do a quick rundown of the questions we get the most on IRAs:

Do I have to take an RMD when I’m 70½?

I have an old 401k, should I roll it into IRA?

What’s up with the new IRA rollover rule?

I inherited an IRA, what do I need to do?

Are there required minimum distributions on Roths?

My company does not have a 401k what do I do?