Timothy Sumer

Henssler Associate Logan Daniel, CFP®, CRPC®, discusses choosing between a Traditional IRA and a Roth IRA for your retirement savings. Watch the rest of the Planning Priorities series at: Fan and Follow Henssler: Facebook: Twitter: LinkedIn: Instagram: YouTube: ... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to planning for retirement, choosing the right investment vehicle is critical. Two popular options for retirement savings are Traditional IRA (Individual retirement account ) and Roth IRA. But which one is right for you? Here are some things you need to know to decide whether to contribute to a Traditional IRA or Roth IRA. Traditional IRA: A Traditional IRA is a retirement account where contributions are made with pre-tax dollars. That means you can deduct your contribution on your tax return, and t...

A Traditional IRA sounds so simple, yet can be so confusing. In this video, I explain what a Traditional IRA is, how it works, and the rules that are set in place. For 2020, a lot has changed when it comes to accessing retirement accounts. This video is based on the general rules and not the temporary changes. Ready to start investing or looking for financial advice: **Disclaimer** This video and channel and the information contained herein is not intended to be a source of advice or analysis with respect to the material presented, and the information and/or documents contained in this video and channel do not constitute investment advice... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA A traditional IRA (Individual retirement account ) is a retirement savings plan that allows individuals to save money for retirement on a tax-deferre...

A Traditional IRA (Individual retirement account ) is a type of tax-deferred retirement savings plan designed for individuals. With a Traditional IRA, individuals can contribute a portion of their income to the account on a pre-tax basis, reducing their taxable income in the current year. The funds in the account grow tax-deferred until they are withdrawn, usually in retirement, at which point they are taxed as ordinary income. There is also a tax advantage for contributions made to a Traditional IRA, as they may be tax-deductible, subject to certain income and contribution limits. Additionally, Traditional IRAs may offer a wider range of investment options compared to employer-sponsored retirement plans such as 401k. However, there are also contribution limits and required minimum distributions for Traditional IRAs that investors should be aware of. #TraditionalIRA #retirement #money #investing #taxdeferred #taxdeductible #investmentoptions #taxadvantaged #requiredminimumdi...

Roth IRA and Traditional IRA can both help you (Americans) to save for retirement, it just depends on when you want to get taxed in life! It can be daunting trying to figure out which kind of Individual Retirement Arrangement (IRA) is right for you. Add me on Instagram: michellemarki Good news is you can use both types of accounts as your needs may change in life. In this video, I provide a high level overview of the why, who, when, what, where, and how you go about getting these IRA accounts started. I also demonstrate in a spreadsheet example how the younger you start contributing to these retirement vehicles, the sooner you can become a millionaire (investing and contributing at consistent rates/amounts over time)! Enjoy either tax-free money in retirement (Roth), and/or money taxed when you are in retirement (Traditional). With zero commissions on purchase and sell transactions from many popular brokerage firms as of October 2019, Americans can take advantage to put mor...