Episode 69: Investment Friday - Is a Traditional or a Roth IRA Better For You?

Episode 69: Investment Friday - Is a Traditional or a Roth IRA Better For You?

How do you know what the best options are for you when deciding between Traditional and Roth options when it comes to IRAs, 401(k)s or SEP IRAs? How do you best optimize your retirement tax strategy and how will this affect you during retirement?

In this informative episode, Hannah Chapman, CFP, APMA, CRPC, talks about the differences between Traditional and Roth accounts, the different tax implications over a lifetime, and two powerful case studies that show different Roth IRA and Roth solo-401(k) strategies and how choosing Roth can significantly impact their future wealth!

Tune in to learn:

  • The differences between a Traditional IRA a Roth IRA

  • What are the tax implications of each type?

  • Two Power case studies and what the impact was in their retirement

  • What happens if you want to convert from a Traditional to Roth IRA?

  • The best way to optimize your retirement tax strategy

  • Why it's important to look at the tax impact over 20, 30, 40 year period

  • Taking a holistic approach is helpful when considering your financial options

We want your questions! Please send them to [email protected] and we will discuss them in our next episode.

Connect with Hannah here:

X² Wealth Planning Website: https://x2wealthplanning.com/

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Expansive CEO Website: https://expansiveceo.com/freegift

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