Directed IRA Podcast 5 Roth IRA Benefits you didn't know
Oct 3, 2024
Discover five surprising benefits of the Roth IRA that could change your retirement strategy! Learn how the backdoor Roth IRA can be a game-changer for high earners. Explore the advantages of spousal rollovers and the perks of inheriting a Roth IRA. Plus, find out how self-directed Roth IRAs offer flexibility with investments in alternative assets. Don’t miss these hidden treasures that make the Roth IRA the Cadillac of retirement accounts!
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Tax-Free Growth
- Roth IRAs grow tax-free, not tax-deferred.
- Invest after-tax dollars; withdrawals are tax-free after five years or age 59 1/2.
Backdoor Roth IRA
- Utilize the "backdoor" Roth IRA strategy if your income exceeds the limits.
- Convert after-tax contributions from a traditional IRA to a Roth IRA.
Penalty-Free Withdrawals
- Withdraw Roth IRA contributions at any time without penalty or taxes.
- This flexibility makes Roth IRAs attractive for younger investors.