3 Biggest Advantages of a Roth IRA

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 13 October 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Uncertainty about Roth has been in the news a lot recently, but that doesn't mean it's dead! While you still can, you should take full advantage of this extremely powerful retirement savings vehicle. In this Q&A we'll discuss the BIGGEST advantages of contributing to a Roth account and how you should be taking advantage of it today! Then we'll be taking your financial questions live from the chat! Subscribe on YouTube! Download FREE Financial Resources from the show Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The three biggest advantages of a Roth IRA.
0:04.6	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:11.6	investing, taxes.
0:13.5	You got financial questions, he's got financial answers.
0:17.1	It's Brian Preston, the money guy.
0:20.1	Okay, I really am so excited about this show because I've been open on the show before
0:25.3	that, before I found the money guy show.
0:28.8	I was pretty good with money, but I didn't know anything about investing.
0:31.9	In that way, I was not great with money.
0:35.0	When I heard about what a Roth IRA was, that was really exciting to me because I was
0:40.5	like, oh, that's actually really easy.
0:43.0	That was my first ever investment account that I opened.
0:45.6	My husband opened one, and he went after me.
0:49.0	That's been a really great part of our wealth building journey now.
0:52.9	What I really loved about it was that as someone who was coming in kind of green didn't
0:58.2	know a lot.
0:59.8	It was really, really easy to understand.
1:02.1	It was very, very easy to open.
1:04.0	You didn't have to think through a lot of things or pick certain things.
1:07.8	You could just do a target date, retirement fund, take a lot of the guests work out.
1:12.2	I love that this is a really easy entry point to actually get your army of dollar bills
1:18.0	working for you.
	...

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