Timothy Sumer

ROTH IRA vs TRADITIONAL IRA(Which Is Better?) What is an IRA? What EXACTLY are the real differences between a Roth IRA and a Traditional IRA? In this video I explain, in detail, which is better, and let you decide which option is best for you. A Roth IRA vs. Traditional IRA. ***More Videos To Check Out*** __________ **Timestamps** 00:00 Intro 00:20 What is an IRA 00:45 Traditional IRA 01:15 Roth IRA 02:23 Who can open and contribute 02:52 Contribution limits 03:23 What investments you can make 03:45 Where to open an IRA 04:20 Penalties 05:27 More on Traditional IRA's 07:37 More on Roth IRA's 10:17 What is the 5 year rule 12:05 What are RMD's __________ ** 1 on 1 Financial Coaching and Mentoring** 📌 **Schedule your 1 on 1** 📌 **Sign Up For Our Weekly Money Updates** 📌 smartmoneybro.com/subscribe/ 🧩 Contact Me: smartmoneybro@gmail.com __________ ** SAY HI ON S O C I A L ** Website: Facebook: Instag...

Trying to decide between a Roth IRA and a Traditional IRA? Here's my break down of my I'll never invest with a ROTH IRA. Let's keep more money in your pocket right now! Free Stocks WeBull (sign up and get free stocks!): Free Stock Robinhood: Health Savings Account: Sell Your House Tax Free: Refinance 2021: The debate around a Roth IRA and a Traditional IRA is a long standing battle. With a traditional IRA you get to contribute pre-tax but then when you withdraw you are taxed on it. With a Roth IRA it is exactly the opposite, you contribute post-tax but your money grows tax free . Your withdrawals are taken out tax free. Some people argue that a ROTH IRA is the best way to invest as if you are building wealth and investments then you may be in a higher tax bracket when you retire. IF you are in a higher tax bracket when you retire and can pull investments out tax free you avoid the higher taxes. I under the argument, but I still believe investing with...