Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Ask KT & Suze Anything: I Have More Questions About Roths
Apr 25, 2024
In this podcast, KT and Suze dive into Roth retirement accounts, discussing conversions, maximizing tax benefits, and utilizing QCDs for charitable giving. They emphasize the importance of prioritizing Roth accounts, navigating tax consequences, and valuing personal connections over material possessions in finance.
39:58
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Quick takeaways
- Roth retirement accounts grow tax-free, don't require minimum distributions, and differ from traditional retirement accounts.
- Funds from traditional IRAs can be converted to Roth IRAs after starting required minimum distributions, with exceptions for RMDs.
Deep dives
The Ultimate Opportunity Savings Account
Opening an account with MyAlliant and putting $100 a month for 12 consecutive months results in a $100 bonus. This account offers a 3% interest rate, providing a great savings opportunity.
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