Building Your Money Machine

Q&A - Should I Invest in a Roth or Traditional IRA


Listen Later

When it comes to IRAs, do you go traditional or do you choose the Roth path?

It's a common question, and honestly, both have their benefits and potential drawbacks.

In this episode, I break down the complexities of Roth and Traditional IRAs, covering crucial aspects like tax benefits, contribution limitations, early withdrawals, investment options, and more. The aim is to provide you with the knowledge needed to make well-informed financial decisions that align with your future goals.

Don't forget, understanding the specifics of Roth and Traditional IRAs is essential for anyone mapping out their financial future.

Be sure to tune in to the full episode to absorb all the valuable insights and take charge of your financial destiny.

IN TODAY’S EPISODE, I DISCUSS: 

  • Tax advantages of Roth IRA and Traditional IRA
  • Contributions and withdrawals comparison
  • Income and contribution limits breakdown

RECOMMENDED EPISODES FOR YOU 
If you liked this episode, you'll love these ones:

  • Why HSA Accounts Are So Powerful
  • What to Do Today to Pay Less Tax and Keep More Money
  • Demystifying Your Credit Score & Does It Matter
  • Should You Convert Your IRA to a Roth IRA?

TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube
Instagram (@melabraham9): MelAbraham.com/ig
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book

...more
View all episodesView all episodes
Download on the App Store

Building Your Money MachineBy Mel H Abraham, CPA, CVA, ASA

  • 5
  • 5
  • 5
  • 5
  • 5

5

223 ratings


More shows like Building Your Money Machine

View all
The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,578 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,112 Listeners

Motivation with Brendon Burchard by Brendon Burchard

Motivation with Brendon Burchard

3,643 Listeners

School of Self-Image by Tonya Leigh

School of Self-Image

1,101 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,630 Listeners

Earn Your Happy by Lori Harder | YAP Media

Earn Your Happy

2,810 Listeners

The Goal Digger Podcast by Jenna Kutcher

The Goal Digger Podcast

12,054 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,051 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,662 Listeners

The Product Boss Podcast by Jacqueline Snyder

The Product Boss Podcast

873 Listeners

the bossbabe podcast by Natalie Ellis

the bossbabe podcast

1,786 Listeners

Powerhouse Women by Lindsey Schwartz

Powerhouse Women

839 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,584 Listeners

The Money Love Podcast by Paige Pritchard

The Money Love Podcast

419 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,628 Listeners