Show Notes
How does a Roth IRA work and do you need one? In this episode, we are breaking down the main elements of a Roth IRA so you can evaluate if a Roth IRA is right for you! Roth IRAs are the best gift the government has ever given us because they offer tax-free growth! Roth IRAs are taxed when the money goes IN not when you take it out like traditional IRAs.
Timecodes:
00:00 Intro
2:20 What is a Roth IRA?
4:00 Benefits of contributing to a Roth
5:35 Drawbacks of a Roth IRA
8:35 5-year Rule
10:00 Backdoor Roth
11:30 How to open a Roth IRA at Preferred Trust Company
Read Whitepaper: Income & Inheritance
Open a Roth IRA with Preferred Trust Company
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Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.
