A traditional IRA is an individual retirement arrangement. It's basically a tax-advantaged personal savings plan where contributions can be tax-deductible. Traditional IRAs are pre-tax contributions with immediate tax benefits, reducing the amount of income you pay taxes on right now. The money you put in is tax-free. In this video, we'll talk about the traditional IRA, and why you might invest in a traditional IRA if you expect to make less money in the future than you do now. In a way, you'd be deferring your taxes on the IRA gains to some time in the future. #traditionalira #retirementplanning #retirement Join the community of like-minded investors: OR _____________________________________________________ 🚨⚠️ All content on the channels for discussion, entertainment, and illustrative purposes only and should not be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)