Ep 4: Traditional vs. Roth IRAs

Wealthy Habits Podcast

English - June 25, 2020 09:00 - 18 minutes - 26.9 MB
Investing Business News Business News 401k finance ira iowa retire advisor daveelizondo druekampmann financial money Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Ep 3: 5 Critical Estate Planning Mistakes

Next Episode: Ep 5: Busting Five Social Security Myths

Do you have a Roth IRA right now? Should you? Today we talk about the differences between a traditional and Roth IRA and how they can benefit you in the future.

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Timestamps:

2:04 - What is the definition of a traditional and Roth IRA?

4:45 - Why have people leaned toward the traditional account over the Roth?

6:32 - What questions should you ask regarding your options?

7:40 - How can a Roth IRA be a powerful tool for retirement?

11:27 - Most people don’t look at taxes the right way.

12:56 - When should you choose a Roth IRA over a traditional IRA?

13:45 - Who would benefit more from the traditional IRA over the Roth?