In this episode, Angie Grainger CPA/PFS, CFP and Elise Eropkin take a more detailed look at the topic of retirement accounts, specifically IRAs and 401(k)s. They explain that IRAs can actually harm you in terms of taxes, as the growth is taxed at ordinary income rates when you withdraw the money. They also discuss Roth IRAs, which don't provide a tax deduction upfront but allow tax-free withdrawals in the future. They emphasize that ultimately, the best way you can prepare for retirement is by living a life you love now and investing in assets that will provide for your future needs.

—

GENERAL INFORMATION DISCLAIMER // This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All content in this episode is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the episode constitutes professional and/or financial advice, nor does any information in the episode constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Prosperent Co is not a fiduciary by virtue of any person’s use of or access to the episode or content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the episode before making any decisions based on such information or other consent. In exchange for watching or listening to the episode, you agree not to hold Prosperent Co, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the episode.