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Contributing to a traditional IRA reduces your taxable income, lowering your tax bill for the year. However, withdrawals in the future will be subject to income tax, which means the decision to defer taxes now may not always be the best choice depending on future tax rates. Consider your overall financial picture to decide if deferring taxes today is the right move. I've just released a full length video where I answer the internet's best questions. Check out my YouTube channel for more👍 #IRA #

Contributing to a traditional IRA reduces your taxable income, low…

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ROTH vs. Traditional IRA: what are the differences and which is better? Basically, it’s when pay taxes taxes (now or later). In a tradition IRA, you will pay taxes later. In a ROTH, you pay taxes right away so the money you see is all your (minus whatever the fund manager and your broker charges.) I prefer a ROTH bc I can see my progress better and because I will end up with slightly more in the long run but both are good options! | Simplifying Stocks

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Navigating the Tax Minefield of Retirement Accounts

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Watch my video to learn the difference between Roth and Trad…

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