Timothy Sumer

Is it worth it -- even profitable -- to have your money in a Traditional IRA? ▶ 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 We just talked quite a bit about some rich people talk: taxes. Now on to an interesting question about…interest. 0:06 How much interest can a Traditional IRA earn? Namely, how much interest can a Traditional IRA earn? The answer is: it depends. 0:12 What happens to my money in a Traditional IRA? A Traditional IRA is the account. When you open it, it’s empty until you contribute. Furthermore, it earns nothing until you put your money to work in an investment – like stocks, bonds, mutual funds, ETFs, or even just a money market fund. In other words, a Traditional IRA by itself is just an empty flower pot. It’s up to you to add the soil, and to

Convert your Traditional IRA to a Roth IRA. A Backdoor IRA cheat sheet. ▶ Like this video? Subscribe! In less than 60s, learn about converting your Traditional IRA to a Roth IRA. Ridiculously simple, hilarious life skills in short videos. ---------------------------------------------------------------------------------- KEEP IN TOUCH! What do you know about the world around you? If your answer is, “Nothing at all” or worse, “Not much” then this channel is for you! Introducing Simple Schools TV – short videos that teach the real skills we don't learn in school. Created by a single mom who worries about how little her daughter will learn in school and wants to make sure she knows what's going on. If you want to see more content like this, subscribe! And let me know in the comments if you wanna see another video like this. ******************************************************* Join my mailing list at: *******************************************************