Ignition to Wealth

005 | Individual Retirement Accounts and You


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In Today’s Episode

Eric and Brandon discuss Individual Retirement Accounts, and the strategies involved in utilizing them for retirement. The guys discuss the different types of IRAs and the pros and cons of each.  

 

What You’ll Get Out of Today’s Show

  • An understanding of Individual Retirement Accounts, and their advantages. 

 

  • A description of what can be held in an IRA such as stocks, bonds, and ETFs

 

  • A list of the different types of IRAs

 

  • An in-depth description of Traditional, Roth, and Rollover IRAs

 

  • A description of the tax strategies that can be employed through your IRA

 

  • An understanding of the income that can be used to fund and IRA

 

  • A description of what to look for in a broker to house your IRA 

 

  • Contribution Limits that apply to IRAs

 

  • An explanation of how Modified Adjusted Gross Income affects your IRA

 

  • An explanation of when you can withdraw money from different IRAs

 

  • An Introduction to the first-time home buyers rule for Roth IRAs  

 

Links Mentioned in This Episode

ignitiontowealth.com/resources

 

ignitiontowealth.com

 

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Ignition to WealthBy Ignition to Wealth