14 min
Roth IRA vs Traditional IRA Investment Answers Podcast
-
- Education
IRAs are an incredibly valuable tool used for retirement planning but they can be confusing. Travis and Kelly discuss avoiding the many rabbit holes of investing jargon by breaking down the defining terms of these two types of IRAs, then they discuss the similarities between the Roth and Traditional, and finally point out the important differences. Those differences help define which strategy may be appropriate for you, whether you’re a low-income earner or a high-income earner. They also discuss how a low tax environment impacts the benefit of each.
References:
“How the new tax law changes Roth IRA conversions,” Financial Planning, Ed Slott, 1.23.18
https://www.financial-planning.com/news/roth-ira-conversions-the-new-tax-law-changes-conversions
“It’s Roth’s 20th birthday party. Where is everyone?” Financial Planning, Ed SLott, 11.20.17
https://www.financial-planning.com/news/roth-ira-rollover-for-retirement-planning-and-tax-savings
“What is a backdoor Roth IRA?” RothIRA.com, Elizabeth Macbride, accessed 6.23.18.
https://www.rothira.com/what-is-a-backdoor-roth-ira
Disclaimer:
Investment advisory services are offered through Investment Answers Capital, LLC dba Investment Answers. Investment Answers Capital, LLC is a registered investment adviser domiciled in the state of Kentucky and appropriately registered in all states in which it conducts business. Insurance services are offered separately through Brookstone Financial, LLC d/b/a Investment Answers, an affiliated entity of Investment Answers Capital, LLC. R. Travis Terlau is a registered investment adviser representative of Investment Answers Capital, LLC, and a licensed insurance agent of Brookstone Financial, LLC. For more information, please visit the website at www.investmentanswers.net.
This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.23.18; 5.5.24)
IRAs are an incredibly valuable tool used for retirement planning but they can be confusing. Travis and Kelly discuss avoiding the many rabbit holes of investing jargon by breaking down the defining terms of these two types of IRAs, then they discuss the similarities between the Roth and Traditional, and finally point out the important differences. Those differences help define which strategy may be appropriate for you, whether you’re a low-income earner or a high-income earner. They also discuss how a low tax environment impacts the benefit of each.
References:
“How the new tax law changes Roth IRA conversions,” Financial Planning, Ed Slott, 1.23.18
https://www.financial-planning.com/news/roth-ira-conversions-the-new-tax-law-changes-conversions
“It’s Roth’s 20th birthday party. Where is everyone?” Financial Planning, Ed SLott, 11.20.17
https://www.financial-planning.com/news/roth-ira-rollover-for-retirement-planning-and-tax-savings
“What is a backdoor Roth IRA?” RothIRA.com, Elizabeth Macbride, accessed 6.23.18.
https://www.rothira.com/what-is-a-backdoor-roth-ira
Disclaimer:
Investment advisory services are offered through Investment Answers Capital, LLC dba Investment Answers. Investment Answers Capital, LLC is a registered investment adviser domiciled in the state of Kentucky and appropriately registered in all states in which it conducts business. Insurance services are offered separately through Brookstone Financial, LLC d/b/a Investment Answers, an affiliated entity of Investment Answers Capital, LLC. R. Travis Terlau is a registered investment adviser representative of Investment Answers Capital, LLC, and a licensed insurance agent of Brookstone Financial, LLC. For more information, please visit the website at www.investmentanswers.net.
This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.23.18; 5.5.24)
14 min