Ep 42: Traditional IRA vs. Roth IRA

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Phil's Tax Hacks

Business


Are you investing in a traditional IRA or a Roth IRA? Which one is better? What pros and cons should you be aware about? Find out on this episode. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-42-traditional-ira-vs-roth-ira/  Watch the video podcast here: https://youtu.be/ITCkfeqBp4c Today's show schedule: 0:30 - Phil is back in the office, by appointment only.2:51 - What is the deal with the market?4:13 - What is the difference between traditional vs. Roth IRAs?5:17 - The traditional is what more people have used.6:32 - Is taking the tax benefit now worthwhile?7:16 - Is now a good time to do a Roth conversion?9:05 - Is there a specific person that fits best in one vs. the other?12:09 - Mailbag: Should we leave a surprise inheritance or tell them ahead of time?