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Money Girl

4 Ways to Fund a Roth No Matter Your Income

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 25 September 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

Laura reviews Roth benefits and four excellent ways to boost your Roth investments regardless of income.

Transcript

Click on a timestamp to play from that location

0:00.0

If you love the idea of having tax-free income in retirement. And the primary way you do that is by investing in Roth retirement accounts.

0:15.0

Having more money in Roth is really nice because the account growth is never taxed

0:21.0

if you follow some basic rules. However the problem for many people is

0:26.0

that Roth IRAs have income limits. They prohibit high earners from contributing,

0:32.3

but there are some easy options and

0:34.6

workarounds to consider. So this podcast will review Roth benefits and four ways

0:40.0

to boost your Roth investments regardless of income.

0:43.4

Hey friends, thanks for joining me on another weekly money girl episode.

0:47.1

I'm Laura Adams, a personal finance and small business author of several books,

0:51.5

including Money Smart Solopreneur, a personal finance system for freelancers,

0:56.3

entrepreneurs, and side hustlers. It's from entrepreneur press and it was a number one Amazon new

1:02.1

release. It's available as a paperback ebook and

1:05.2

audio book. If you're enjoying the show and want to support the free content that we love

1:10.4

creating, consider submitting a five-star rating or review on Apple Podcasts, Spotify,

1:17.0

or wherever you're listening.

1:18.8

And if you have a question you'd like me to cover on the show, you can leave it on our voicemail at 302 36403808.

1:27.3

You can also send me an email and sign up for the free money stack newsletter at Laura D Adams.com.

1:34.8

All right, so let's talk about what a Roth IRA is.

1:38.4

Many of you know that stands for individual retirement account.

1:43.0

And unlike a pre-tax traditional IRA,

1:47.1

with a Roth, you don't get upfront tax deductions.

1:51.4

Those contributions that you put in are taxed in the year you make them.

...

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