Education
IRAs are an incredibly valuable tool used for retirement planning but they can be confusing. Travis and Kelly help you avoid the many rabbit holes of investing jargon by breaking down the defining terms of these two types of IRAs, then they discuss the similarities between the Roth and Traditional, and finally point out the important differences. Those differences help define which strategy may be appropriate for you, whether you’re a low-income earner or a high-income earner. They also discuss how a low tax environment impacts the benefit of each. References: “How the new tax law changes Roth IRA conversions,” Financial Planning, Ed Slott, 1.23.18 https://www.financial-planning.com/news/roth-ira-conversions-the-new-tax-law-changes-conversions “It’s Roth’s 20th birthday party. Where is everyone?” Financial Planning, Ed SLott, 11.20.17 https://www.financial-planning.com/news/roth-ira-rollover-for-retirement-planning-and-tax-savings “What is a backdoor Roth IRA?” RothIRA.com, Elizabeth Macbride, accessed 6.23.18. https://www.rothira.com/what-is-a-backdoor-roth-ira Disclaimer: Investment Answers LLC is a Financial Advisory firm. Investment Advisory Services offered by Investment Answers Capital LLC. For the most updated Registered Investment Advisory disclaimer, please visit our website at www.InvestmentAnswers.net. This information is intended for entertainment or educational purposes only. Opinions, rules, regulations and laws expressed are subject to change without notice and are not intended as individualized investment or tax advice. Past performance does not predict or guarantee future results. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. These are the general views and understandings of Investment Answers, LLC, and should not be construed as personalized investment or tax advice. Consult a qualified financial professional before making any financial decision. (6.23.18)