Traditional IRA vs Roth IRA for High Incomes (above $200k)

Traditional IRA vs Roth IRA for High Incomes - Investing for High Income Earners. If your tax filing status is single...are a high income earner...and are wondering if you should contribute into a Traditional IRA or Roth IRA then you might appreciate a video like this.

This video does not go into specific details regarding the difference between a Traditional IRA vs Roth IRA - for that - please check out the other video I posted regarding 2020 Retirement Account Limits...that's where I go over the details in comparing the two a little more. You can also check out the 2021 tax bracket & retirement account limit video as well.

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I've been involved in people's financial decisions for 15+ years (7 yrs Real Estate experience & 8+ yrs as a former Financial Advisor)...I now bring the financial successes, mistakes, failures, and best financial habits/tips to you through these videos.

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[Financial_Awareness]

Here are other videos if you are a high income earner...
Feel welcome to comment if you have any questions. Thanks!

[jstacitizen]

Why would you suggest he pay down a 3% student loan instead of invest that money and earn 7 to 12% on any basic ETF fund?

[libertyloveslife]

Would love to know what you would suggest after a 401K is makes out, as well as a back door Roth conversion and hsa before the end of a calendar year. Not staying this is the case for me but after that where do you point someone next.

[libertyloveslife]

What about back door Roth conversions for high earners

[korswe]

I hate the fact that I’ll be taxed at ordinary income tax rate on my traditional IRA. I don’t qualify for Roth IRA. I’m actually thinking about not investing in a traditional IRA any longer (leave what I have in there till I retire) and begin invest in an equity account so that I can be taxed at long-term capital gain tax.