Welcome to the Jill on Money Corona virus Market Update

and it is Sunday, June 7th.

We are delighted that you are joining us on your Sunday. Today we've got the second part of my interview with Michael Goodman.

He is the president of Wealthstream Advisors. In the concluding part of our interview with Michael Goodman, we're going to talk about some of the unique opportunities that this period has offered, whether it is a Roth or a Refi.

So I hope you enjoy it.

Here's the second part of our interview

with Michael Goodman of Wealthstream Advisors.

You and I have had a longstanding discussion

around Roth versus Traditional. And we get this question, I mean, so, so often. And the question I have for you is can you give us a little bit of a rule of

thumb even about the Roth versus the traditional if we if you believe and I think

most planners most people in your business believe

tax rates are going up why shouldn't everybody use a Roth? Well I surely think

the overwhelming majority of people should use a Roth because most people when they

retire will be in a lower tax bracket because their income will drop, not all, but most.

And by the way, not only just rich people, there are even a good example as teachers who sometimes

wind up in higher tax brackets in retirement with their pensions.

So that's an important distinction.

But most people should take advantage of the Roth,

especially if you're young.

And by the way, I also love the flexibility

the Roth gives you, because in the Roth you're not required to take money out every year like the RMDs for regular retirement plans.

So let's just say full disclosure. I called Michael like maybe a year ago or two years ago because I was talking about somebody that I met at one of my book signings who makes a ton of money.

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