Timothy Sumer

Saving for Retirement which one is better 401k or Roth IRA. Learn more about how stocks work Gear used Microphone Mic stand Mic interface Lights Background music from Epidemic Sound *This video is made for entertainment purposes only and should not be used as financial advice or life coaching advice. I am not a financial advisor. Investing has risks so please be sure to do your own research before making any financial decisions. Links in the description may contain affiliate links and may be subject to a referral bonus. The content in this video is accurate as of the date of posting but may not be accurate in the future.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA 401k Vs Roth IRA: How to Secure a Comfortable Retirement Planning for retirement is a crucial aspect of financial wellbeing. In today's world, individua...

What downsides to a Roth make it the wrong choice for you? ▶ Like this video? Subscribe! Simple Schools TV teaches practical life skills in short, free educational videos for adults. Starting with money. ---------------------------------------------------------------------------------- VIDEO TEXT: 0:00 Intro You’re finally getting paid at that hard-to-get job that didn’t pay for 7 months. Perhaps now you’re planning your escape…I mean, retirement. We covered the benefits of a Roth retirement account earlier. It sounds ideal for retirement savings, right? What about the bad? 0:13 Tip 1: Can you put back money that you take out of a Roth IRA? First, let’s talk contributions. You can take them out at any time in a Roth without penalty nor taxes as explained in prior videos. But you can’t put them back in like you can with other types of retirement accounts. Plus, you’re limited each year by the Roth's contribution limit, making it harder to make up for the wi...