It is a question that has been debated to death in the financial community: Roth or Traditional? Though you can find the answer I give in other places, you can rarely find a good breakdown of what each type of account means and what the characteristics of each type are, along with which one you should choose. Regardless of what works best for you, I love the idea of tax-free investments for the majority of us and find massive value in Roth accounts. Today, we will discuss:
1. The differences in Roth & Traditional Accounts
2. What type of account you should invest in
3. Special considerations of Roth/Traditional investing
4. Why I use primarily Roth accounts
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow to talk about the part your income plays in your wealth-building process. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)