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