Комментарии:
Just started looking into an IRA im 26 and couldnt decide which i should choose between traditional or roth. And watching this video im leaning towards “roth” like you said life takes crazy turns an if you need the $$ then there shouldnt be a penalty when withdrawing.
ОтветитьAre you taxed on just the earnings/gains or on the entire amount you withdraw? The oral words said earnings while the typed words says taxed at withdrawal, so I was not clear.
ОтветитьHow soon can I transfer from a traditional to a Roth ?
ОтветитьSo what do the company’s where u set up an IRA with get out of it? How r they paid out and whatnot?
ОтветитьQuestion: If a withdrawal from a Roth IRA exceeds personal contributions and dips into the investment earnings, do you still pay penalties even after the 5 year mark? Are you only able to access the investment earnings once you hit 59 and a half or buy a first home?
ОтветитьVery clear. Thank you
ОтветитьThanks for sharing 🙏
It really helps me decide which IRA benefits me the most
Investing in a Roth IRA is a tax-smart move for a secure retirement. Its benefits, coupled with strategic investing, create a solid financial foundation. Partnering with a skilled adviser ensures informed decisions, optimizing gains, and navigating the investment landscape with confidence. Secure your financial future wisely! 💼💰
ОтветитьHow do you determine whether or not youll be taxed higher when you’re older
ОтветитьMy original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
ОтветитьGreat video thank you for the insight
Ответитьbut what happens if you do a backdoor? put it into the traditional which you say is tax deductible, then switch it to a roth which will be tax free later. did you just avoid all taxes?
Ответитьvanguard is the GOAT
ОтветитьGreat video thank you.😊 especially OK the conversion from traditional to Roth.
Ответитьbut don't you pay tax on the conversation from traditional to Roth? always get confusing for me.. and i know this old video but i need answer lolz
ОтветитьThank you for the explanation! Super helpful.
ОтветитьOr.. hear me out. I keep all my money and aren’t taxed on it without conditionals.
ОтветитьSorry can you clarify cause I read online that you cant withdraw from a Roth early without penalty?
ОтветитьSo if I fund my Roth with after dollars, how do I fund my Traditional?
ОтветитьWhat if you open a Roth IRA and your income surpasses $139,000 after a few years of having it? Can you still keep the account and contribute to it ?
Ответитьhi everyone😁
ОтветитьYou mentioned being able to convert from traditional to Roth, can you convert from Roth to traditional if you over time make more money than the 139k limit?
ОтветитьThanks Humphrey
ОтветитьWhen you convert how to do contribute again? Lol. Cant due to income limits. Easier for me but then there’s this backdoor ha
ОтветитьSo could you open a traditional to get the tax deductions and then later on switch to the roth through the backdoor roth IRA conversion?
Ответитьis rollover IRA a traditional IRA?
ОтветитьMy 19 year old friend wants to start a Roth IRA but her income she has she got paid under the table. I know Roth is pre taxed income. Is it okay if she transfers money that she made under the table and create a Roth or will the IRS find out and she gets in trouble?
ОтветитьIn your Medical Emergency Example, how are you penalized after TEN years ? After ten years, don't you have the absolute right to withdraw contributions and earnings without penalty? How can it be that "in year eleven" you are hit with a ten percent penalty? Don't you mean to say that before five years there is a penalty?
Ответитьsimple question.
My traditional IRA is down 35% ( in red)
I am 62.5 yrs old.
Can I cash out this account and use the losses toward my income and/or profits from my cash broker account?
I don’t see how I need to pay taxes on a retirement account if I am down so much?
I know you don’t give tax advice but what would you do?
Thx
so if you start a traditional IRA and put money IN tax FREE then convert it to a ROTH where you dont have to pay taxes when you pull it out, how do the taxes work there, free gains with no taxes ever??
ОтветитьWhere can i find info on most up to date changes for IRA contributions?
ОтветитьMight as well do both if we want to keep it diverse and expand in all ways.
ОтветитьI opened a traditional ira with BoA, which is not FDIC insured. At the time when I opened it, i had no idea what FDIC was, hadn't done much research. Luckily, it's only been less than a year. What would you recommend? Any bank suggestions on where to open with that are FDIC insured? Thanks.
ОтветитьOMG THE REPUTATION BOX!!!!!! HELLO SWIFTIE!
ОтветитьThe best I’ve heard. 🫡
ОтветитьIf I was told so many years back then that I would be able to live in my fully owned house at 37 years with my wife at 33 years alongside a combined net worth of over $1.5M in assets and savings with no debts. I may disagree heavily.
It wasn't easy sometime back,when I had 2 kids in school and had a lot of debts to settle.
This lifestyle that made us retire so early is only possible through efficient saving and key passive income processes.
thanks for explaining this
ОтветитьI haven't saved enough for early retirement due to bonehead decisions (I have around $60k in my TSP (tradicional IRA from the Feds) so I think that I'll be working up to 65 years old. So I believe that the traditional IRA would probably be my best option. Great info! Subscribed.
ОтветитьBoth seem like a crappy deal tbh. What if you wanna retire at 45 or 50? What you aren't allowed to withdraw your own money without being taxed for 10-15 years? Just get Dividend and ETF stocks that way you aren't penalized for wanting your own money.
ОтветитьCan you have multiple ira accounts through different entities?
ОтветитьDo the Vanguard video yes please
ОтветитьI have been trying to understand this for hours and you did it in less than 10 minutes! Thank you!
ОтветитьGreat video, thank you!
ОтветитьCan you do a video on REITs and where is the best place to get them? I have seen Fidelity and there is a women-owned company that has them, but I would like to sit down with someone and have them break everything down for me.
ОтветитьI'd like to see a video on the best places to open and Roth ira!!!!
ОтветитьIf you have a Roth IRA now when you’re earning less than the 200k income limit. When you start making more than 200k will you no longer be able to contribute to the Roth IRA?
ОтветитьI was looking up the differences between the Irish Republican Army and Irish Republicans Brotherhood 💀
ОтветитьDo I pay taxes every year on rout ira ?
ОтветитьWhat about Robinhoods IRA’s
Ответить