Timothy Sumer

Traditional IRA is a retirement plan that many people should make use of if they do not have a retirement plan offered at their jobs/careers. Because of its name, and also its inner-workings, this plan is often confused with 401ks and IRA Roths. Even though the Traditional IRA share similarities between both the 401k and IRA Roths, there are clear differences between it and the others listed. In this video I am breaking down what a Traditional IRA is, how it can be used to generate wealth for retirement, and also how it can be used to save you money on taxes at the end of the year. Although the Traditional IRA is a good vehicle to use for deducting total funds in taxes, it can be difficult to do so if you or your spouse is already making use of a retirement plan offered at your/their job. If that is the case for you, then here is a link to take you a website that should help with calculations. For the rest of you guys an gals, saving money on your taxes will be simp...

Get my finance book, The Anatomy Of Financial Success! Available on E-book, Paperback, and Audiobook formats: What is a traditional IRA retirement account in 2020? | Financial Anatomy (Pros and Cons). This video about retirement accounts and investing has been produced by financial anatomy and created by Elijah Bilel. With so many retirement accounts to choose from, it can be hard to pick one. Accounts range from a 401 k and a Roth 401k to individual accounts like a traditional IRA, Roth IRA, and Sep IRA. Here, you will learn everything that you need to know about the traditional IRA retirement account . This video " Traditional IRA 2020" is also part of the playlist "What's the best retirement account for you" and can be viewed here; 🎓 Checkout my courses on Skillshare! Get 1 Month FREE on me: Subscribe for more! GET THE FINANCIAL PERSONALITY SUCCESS BUNDLE $25 OFF: 25OFF My ENTIRE You tube setup including what computer, ...