1886: 10 Reasons to Get Off Your Butt and Start a Roth IRA by Philip Taylor of PT Money on Retirement Savings

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🗓️ 9 May 2022

⏱️ 9 minutes

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Summary

Philip Taylor of PT Money shares 10 reasons to start a Roth IRA Episode 1886: 10 Reasons to Get Off Your Butt and Start a Roth IRA by Philip Taylor of PT Money on Retirement Savings PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/start-roth-ira-10-good-reasons/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:41.7	episode 1886, 10 Reasons to Get Off Your Butt and Start a Roth IRA by Philip Taylor of PTMoney.com.
0:51.2	And I'm your host and personal finance enthusiast, Diana Mariam. We're going to jump right into
0:56.9	today's post as we optimize your life. 10 Reasons to Get Off Your Butt and Start a Roth IRA
1:07.6	by Philip Taylor of PTMoney.com. I really love the Roth IRA. There are so many reasons to start
1:16.4	one of these bad boys and to get going with your retirement savings. Today, I thought I'd do a
1:21.9	little convincing and list some of the reasons to start a Roth IRA. So check these out and then
1:27.6	get started. Seriously, no excuses. Number one, you'll be more prepared for retirement.
1:35.2	The Roth IRA was created to provide incentive for you to save for your own retirement. Use it.
1:41.6	Retirement will be a big chunk of your life. Do you want to be relying on someone else to fund
1:47.2	your trips to go see your grandkids or your golf course green fees or fill in the blank with what
1:52.5	you want to do? Number two, pay less in taxes. The Roth IRA was created as a result of the Tax
2:00.8	Payer Relief Act of 1997. This account allows you to put in after-tax dollars and never pay taxes
2:08.2	again on those funds and never pay taxes on the earnings from those funds. If you used a regular
2:14.6	savings account, CD, or taxable investing account for retirement savings, you'd have to pay taxes
2:20.7	on your earnings. With a Roth IRA, you can avoid all of that. Number three, tax diversification.
	...

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