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?
