Ep 42: Traditional IRA vs. Roth IRA

Are you investing in a traditional IRA or a Roth IRA? Which one is better? What pros and cons should you be aware about? Find out on this episode.

 

Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-42-traditional-ira-vs-roth-ira/ 

 

Watch the video podcast here: https://youtu.be/ITCkfeqBp4c

 

Today's show schedule: 

0:30 - Phil is back in the office, by appointment only.

2:51 - What is the deal with the market?

4:13 - What is the difference between traditional vs. Roth IRAs?

5:17 - The traditional is what more people have used.

6:32 - Is taking the tax benefit now worthwhile?

7:16 - Is now a good time to do a Roth conversion?

9:05 - Is there a specific person that fits best in one vs. the other?

12:09 - Mailbag: Should we leave a surprise inheritance or tell them ahead of time?