Can you Contribute to Multiple Retirement Accounts At The Same Time? - Money Q&A

Apr 1, 2024

This podcast explores contributing to multiple retirement accounts, drawbacks of annuities, and Roth vs. Traditional 401(k). It also discusses maximizing retirement savings with Roth 401(k) and offers insights on financial education and strategic money decisions.

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Introduction

00:00 • 5min

Navigating Multiple Retirement Accounts

04:35 • 8min

Building Wealth with Multiple Retirement Accounts and Business Partnerships

12:21 • 5min

Drawbacks of Annuities and Comparison with Index Funds

17:05 • 8min

Maximizing Retirement Savings with Roth 401k

24:36 • 10min

Strategic Retirement Contributions and Financial Education Insights

34:08 • 2min

In this episode of the Personal Finance Podcast, we are going to do a Money Q&A about Can I contribute to multiple retirement accounts every single year?

Today we are going to answer these questions:

Question 1: Can you contribute to a backdoor Roth, 401K, and SEP in the same year?

Question 2: 9 reasons why I hate Annuities

Question 3: The Roth Vs. Traditional 401(K)

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Links Mentioned in This Episode:

Here is the IRS Link
Roth 401(K) Vs Traditional 401(K): Which Should You Consider Based on Income!

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