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What is a Roth IRA vs Traditional IRA? 2020 IRAs Explained!


Roth IRA and Traditional IRA can both help you (Americans) to save for retirement, it just depends on when you want to get taxed in life! It can be daunting trying to figure out which kind of Individual Retirement Arrangement (IRA) is right for you. Add me on Instagram: michellemarki Good news is you can use both types of accounts as your needs may change in life. In this video, I provide a high level overview of the why, who, when, what, where, and how you go about getting these IRA accounts started. I also demonstrate in a spreadsheet example how the younger you start contributing to these retirement vehicles, the sooner you can become a millionaire (investing and contributing at consistent rates/amounts over time)! Enjoy either tax-free money in retirement (Roth), and/or money taxed when you are in retirement (Traditional). With zero commissions on purchase and sell transactions from many popular brokerage firms as of October 2019, Americans can take advantage to put more money into stocks, index funds, ETFs, bonds, and other kinds of investments/assets. I'm excited to be on a path to FIRE (Financial Independence, Retire Early), and I look forward to making more investor friends. Please like and subscribe if you learned something or enjoyed my video and feel free to leave a comment. If you have any questions I'll do my best to answer! Thank you! :) --- Let's follow each other on my Instagram @ Check out my website: --- Disclaimers: This content is for entertainment and education purposes only. Any trademark or brand that is mentioned or indicated in this video are registered trademarks of their respective owners. No trademarked logo, brand, or image used in this video implies any sort of endorsement from the trademark owners of those logos, brands, or images. Nor does the use or mention of any company names and brands imply endorsement from Michelle Marki and is herein described for information, education, and entertainment purposes only. Michelle is not a financial advisor and is not providing financial, investment, trading, tax advice, or recommendations. Any of the examples discussed are for demonstration and education only. If you need help in your specific situation, please consult with a professional financial advisor with a fiduciary duty and responsibility to help you. #RothIRA #IRA #Investing...(read more)


LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
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