Business
In this episode James and Scott discuss the difference between a Traditional IRA & Roth IRA and which may be ideal for you based on your individual situation. Questions discussed: Are you hoping to lower your taxable income today? Do you think your income will rise over the course of your lifetime? When does it make most sense to use a Roth IRA vs. Traditional IRA? How should I invest in my Roth IRA or Traditional IRA? Planning Points Discussed Tax Planning Retirement Planning Roth IRA vs. Traditional IRA Aligning Your Investments with Financial Goals Timestamps: 2:30 - Listener Question 4:35 - Pre-tax vs. Post-tax Contributions 7:51 - IRA vs. Roth IRA Tax Implications 9:30 - Having an Accountability Partner 10:11 - 401(k) vs. Roth 401(k) 15:50 - Aligning Your Money With Your Life LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here