Roth IRA vs. Traditional IRA: Which One Builds More Wealth? (Tax-Free vs. Tax-Deferred)

Roth IRA vs. Traditional IRA—Which One Should You Choose? 🤔 Are you wondering whether a Roth IRA or a Traditional IRA is better for your retirement? In this video, I break down: ✅ How both IRA types work ✅ The pros and cons of each option ✅ How your income and tax situation impact your choice ✅ Real-world examples of Roth vs. Traditional in action! By the end, you'll know which IRA is best for you and how to take advantage of tax-free or tax-deferred growth! 🚀 🔔 Subscribe for more money tips! 📌 Time Stamps for Quick Navigation: ⏳ Skip to what matters most! 00:00 – Intro: Tax-Free vs. Tax-Deferred Investing 00:20 – Roth IRA vs. Traditional IRA: Quick Overview 01:11 – What is an IRA? (Individual Retirement Account Basics) 02:04 – Key Difference: When Do You Pay Taxes? 02:40 – Required Minimum Distributions (RMDs) Explained 03:16 – Example 1: Why a Young Investor Might Choose a Roth IRA 04:54 – Example 2: Why a High Earner Might Prefer a Traditional IRA 06:15 – How Future Tax Rates Could Affect Your Choice 07:32 – Example 3: Managing Retirement Income with Both Accounts 08:07 – Which IRA Should You Choose? (Final Thoughts) 09:10 – Step-by-Step: How to Open an IRA (Roth or Traditional) 09:52 – IRA Summary: Key Takeaways to Remember 10:17 – Which IRA Do You Prefer? (Comment Below!) 10:32 – Like & Subscribe for More Finance Tips! 📌 Helpful Resources & Links: 📈 Open an IRA Here: Vanguard: https://investor.vanguard.com/ Fidelity: https://www.fidelity.com/ Charles Schwab: https://www.schwab.com/ 📖 More About IRA Contribution Limits & Income Restrictions: IRS Official IRA Guide: https://www.irs.gov/retirement-plans/... Backdoor Roth IRA Explained: https://www.investopedia.com/terms/b/... 🎤 Audience Question: Which IRA do you prefer—Roth or Traditional? 💬 Drop your thoughts in the comments! If you found this helpful, hit LIKE and SUBSCRIBE for more smart money tips! 🚀