Building Your Money Machine Q&A - Should I Invest in a Roth or Traditional IRA
When it comes to IRAs, do you go traditional or do you choose the Roth path?
It's a common question, and honestly, both have their benefits and potential drawbacks.
In this episode, I break down the complexities of Roth and Traditional IRAs, covering crucial aspects like tax benefits, contribution limitations, early withdrawals, investment options, and more. The aim is to provide you with the knowledge needed to make well-informed financial decisions that align with your future goals.
Don't forget, understanding the specifics of Roth and Traditional IRAs is essential for anyone mapping out their financial future.
Be sure to tune in to the full episode to absorb all the valuable insights and take charge of your financial destiny.
IN TODAY’S EPISODE, I DISCUSS:
- Tax advantages of Roth IRA and Traditional IRA
- Contributions and withdrawals comparison
- Income and contribution limits breakdown
RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
- Why HSA Accounts Are So Powerful
- What to Do Today to Pay Less Tax and Keep More Money
- Demystifying Your Credit Score & Does It Matter
- Should You Convert Your IRA to a Roth IRA?
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com
OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/
CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube
Instagram (@melabraham9): MelAbraham.com/ig
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham
GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book