Roth IRA VS Traditional IRA - Which is Better for You?

Показать описание

In this video we look at a Roth IRA VS a Traditional IRA and try to work out which is the best for you.
SONG FROM OUTRO
Track: Halcyon & Valentina Franco - Runaway (Heuse Remix) [NCS Release]
Music provided by NoCopyrightSounds.
NOTE: The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Advertiser Disclosure: This site is part of an affiliate sales network and receives
compensation may impact how and where links appear on this site. This site does not
include all financial companies or all available financial offers.

Рекомендации по теме

Комментарии

Hey Ben, I live in canada, so even though most of this content (and the credit card stuff) is irrelevant to me, you still present it in an entertaining fashion & I still love your channel! Keep it up!

eca

Great content that many people should know about! Currently 23 and glad I started early when I did!

D_Win-tx

I just came to watch the fun skits! Great video.

JacksonWelch

Good content. Hard to make the subject exciting, but you did a good job

charliedurham

Credit Shifu I just learned about your channel a couple weeks ago because I was getting the credit card game. I was scared to see you were switching your content but I must say I’m very glad. Glad to be here with you

JorgeGarcia-eezv

You weren't joking in your intro that this would be the most entertaining video on the is topic 😂😂😄

LalitDevraj

Bro this was hilarious! (And quite awesome) I hate I waited so long to watch it. Keep it up!

briceonwiley

Hey Ben, I'm on an F1 student visa in the US (from the UK too lol), but I am able to contribute to a Roth IRA. I'm currently employed for my STEM OPT.

TheEighthByte

it’s scary not saying “ the credit shifu “ anymore :/

JelloTricks

Plus most likely government also raises tax rates in future. and it will cost more to retire when you have to pay income taxes factoring inflation.

DarkCeremony

Any supposition that: "When you contribute to a traditional you're supposed to invest those *_tax savings_* " is based on false premise and all too common novice misconception. That *_"tax savings"_* is inside and part of traditional account.

$1, 000 pretax income = $1, 000 traditional IRA/401(k) + $0.00 spendable/investable income + *$0.00 tax*
$1, 000 pretax income = $800 Roth IRA/401(k) + $0.00 spendable/investable income + *$200 tax*
$1, 000 pretax income = $800 spendable/investable income + *$200 tax*

The 20% tax on $1, 000 is $200 so if you invest $1, 000 in traditional account you don't pay that $200 tax however that $200 resides inside and is part of the $1, 000 traditional account. There is no "tax savings" with which one may invest in taxable brokerage account.

alrocky

As long as you keep Grogu, I'm fine with the name change 8-)

BertiferousRex

I don't see the tax exempt list in bio of video nor pinned comment.

FireyCam

"Ben Hedges?" Why tf is this??
*Clicks video*
Ooooh...

Gendosk

Question. What if I start a roth now at 20 years old, and say when im 30 I am to rich to contribute. What happens to that roth? Can it just sit there compounding interest while I open a traditional or do I have to close that roth?

SirBickle