IRAs are an incredibly valuable tool used for retirement planning but they can be confusing.
Travis and Kelly help you avoid the many rabbit holes of investing jargon by breaking down the defining terms of these two types of IRAs, then they discuss the similarities between the Roth and Traditional, and finally point out the important differences.
Those differences help define which strategy may be appropriate for you, whether you’re a low-income earner or a high-income earner. They also discuss how a low tax environment impacts the benefit of each. (7.1.18)
“How the new tax law changes Roth IRA conversions,” Financial Planning, Ed Slott, 1.23.18
“It’s Roth’s 20th birthday party. Where is everyone?” Financial Planning, Ed SLott, 11.20.17
“What is a backdoor Roth IRA?” RothIRA.com, Elizabeth Macbride, accessed 6.23.18.