Traditional IRA Vs. Roth IRA
It seems that most people don’t have a clear picture of whether they should contribute to a traditional IRA or a Roth. Let’s discuss how to determine what’s best for you. Show Notes: 1:23 - Headline: More Than 25% Of Americans Are Raiding Their Retirement Accounts Because Of COVID-19 4:16 - Traditional IRA Vs. Roth IRA - The Basic Definitions 5:10 - Why Are So Many In The Traditional Account? 6:11 - Is The Current Tax Environment We’re In A Catalyst For More People Wanting To Do Roth Conversions? 8:04 - Who Should Be Contributing To A Roth? 8:23 - Who Should Not Be Contributing To A Roth? 10:14 - Marshall Wonders If Paying The Penalty To Take Out His Variable Annuity Is Worth Avoiding The High Fees 12:37 - What’s Buggin’ Charles?