Description

Are you aware that not all retirement accounts are created equal? In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can choose the best account for you.  

Here are some of the things we’ll address in this episode:

• 1:01 – What are the pros and cons of company-sponsored retirement plans?
• 5:02 – The advantages and limitations of Roth and traditional IRAs.
• 8:09 – What is the difference between a Simple IRA and a SEP-IRA and who are these options for?
• 11:15 – The pros and cons of HAS and FSAs.
• 15:10 – What is the difference between annuities and CDs?
• 18:34 – How to choose the right retirement plan for your situation.

If you have any questions about what we discussed in this episode, reach out and we'll be happy to set up a time to talk.

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts