Roth IRA vs. Traditional IRA: Which is Better?
✅ Want to take control of your credit, savings, budgeting, and debt? Sign up with the award-winning personal finance app: WalletHub Premium ►https://www.dpbolvw.net/click-1013693... (On sale, up to 61% off!) ✅CHECK OUT MY COMPREHENSIVE COURSE ON PERSONAL FINANCE: Learn about building credit, establishing savings, effective budgeting, and managing debt! ► https://www.udemy.com/course/keystone... ✅ GET THE KEYSTONE FINANCIAL GUIDE: The ultimate all-inclusive textbook on Money and Investing! ► https://keystonefinancialeducation.com ✅FOLLOW ME ON INSTAGRAM and TIKTOK: ► / ejgindis ► @ejgindis ► / keystonefinancialacademy ► @keystonefinancialacademy SUMMARY This video provides a clear and concise introduction to Individual Retirement Accounts (IRAs), focusing on the differences between Traditional and Roth IRAs. It details out how Traditional IRAs allow for pre-tax contributions, offering immediate tax deductions, with taxes applied upon withdrawal during retirement. In contrast, Roth IRAs involve post-tax contributions, enabling tax-free growth and tax-free withdrawals in retirement. Also discussed are contribution limits, eligibility criteria, and the tax implications of each account type, helping viewers determine which IRA aligns best with their financial goals. CHAPTERS 00:00 - Introduction 00:38 - History of the IRA 01:00 - Traditional IRA 03:10 - Roth IRA 04:49 - Which is Better? 05:20 - Outro DISCLAIMER This video was created for informational and educational purposes only, and should not be construed as a source of specific investing, financial, accounting, or legal advice. This video should never be used as the sole source of information, without consulting with a financial or legal professional to determine what may be best for your individual needs. The creator of this video, Elliot J. Gindis, does not make any guarantee or other promise as to any results that may be obtained from using the information in the video. To the maximum extent permitted by law, the creator of this video disclaims any and all liability in the event that any information, commentary, analysis, opinions, advice, and/or recommendations contained in this video prove to be inaccurate, incomplete, or unreliable, or result in any financial or other losses. #retirementplanning #traditionalira #rothira #taxbenefits #financialeducation #retirementplanning #retirementincome #ira #savingforretirement #personalfinance #moneymanagement #investing
