Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Ask KT & Suze Anything: A Roth Quizzy For You
Mar 6, 2025
Dive into an interactive quiz that tests your knowledge of Roth IRAs! Discover the unique benefits these accounts offer compared to traditional options. Learn strategies to maximize your retirement savings and debunk common misconceptions. Finally, understand the importance of informed choices in retirement planning and why relationships matter more than financial wealth. Join the fun and boost your financial literacy!
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Roth IRA Contributions
- Roth IRA contributions are made with after-tax dollars, allowing them to grow tax-free.
- This differs from traditional IRAs, which use pre-tax dollars.
Contribution Deadline
- You can contribute to a Roth IRA for the 2024 tax year until April 15, 2025.
- This also applies to traditional IRAs.
RMDs and Roth Accounts
- Roth IRAs and Roth 401(k)s do not require Required Minimum Distributions (RMDs).
- Traditional retirement accounts typically require RMDs by April 1st after turning 73 (soon to be 75).