Aug 30, 2019
If you’ve heard of a Roth IRA, you may be wondering how different it really is from other options. We get it - we understand that it can all get a little confusing!
While a Roth IRA and other options have some similarities, they have some pretty significant differences.
If you’re looking for a long-term saving strategy, it’s key that you understand the differences and how they’ll affect you in the future.
Today we’re going to break down the Roth IRA as a saving strategy for you, question by question, so you can understand the differences, and choose the best plan for you.
Here Are The Show Highlights:
- Why a Roth IRA makes sense for millennials (2:20)
- Roth IRA or Roth 401(k): What wins for retirement savings? (5:50)
- How a Roth IRA works (6:20)
- 5 big disadvantages of saving with a Roth IRA plan (8:00)
- Reasons you may want to contribute to a Roth alternative and how it could be more important than you think (14:00)
Resources Mentioned on the show:
https://www.nytimes.com/1998/04/05/us/97-middle-class-tax-relief-benefits-wealthy-first.html.
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If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call...just like Grandma would want us to do.