Don't Fall Behind on Retirement Planning: How to Use Individual Retirement Accounts (IRAs) Like a Pro

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 24 July 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

More than half of Americans feel behind on retirement savings, but the good news is, it’s never too late to level up your strategy. Today, Nicole walks you through Individual Retirement Accounts (IRAs): what they are, how they work, and how they can help you build real wealth for retirement. She unpacks the key differences between Traditional and Roth IRAs, how to choose the right one (or both!), and what tax implications to keep in mind. Plus, Nicole shares a workaround for high earners and shows you how to open your own IRA today. Whether you're just starting out or optimizing your retirement game plan, this episode has something for you. Ready? Open an IRA today. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. As part of the IRA Match Program, Public Investing will fund a 1% match of: (a) all eligible IRA transfers and 401(k) rollovers made to a Public IRA; and (b) all eligible contributions made to a Public IRA up to the account’s annual contribution limit. The matched funds must be kept in the account for at least 5 years to avoid an early removal fee. Match rate and other terms of the Match Program are subject to change at any time. See full terms here. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. *APY as of 6/30/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. See terms of IRA Match Program here: public.com/disclosures/ira-match.

Transcript

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0:00.0	If you take only one thing away from today's episode, money rehabbers, let it be this.
0:04.0	In my not so humble opinion, Public is the best brokerage for investing in bonds, stocks,
0:09.2	ETFs, options, and even crypto.
0:11.5	You can try it out for yourself and see why I love it so much at public.com slash money rehab.
0:16.5	Public is legit the only platform I use to buy bonds.
0:19.8	Before Public, I used to buy government bonds the hard way. Slow websites, confusing interfaces, website designs straight out of the early 2000s. Just picture where fun goes to die. That was it. And then I found Public. About five years ago, and I have not looked back. I can now finally buy bonds without wanting to rip my hair out.
0:39.1	Public makes it so easy to buy bonds, whether you're into treasuries or corporate bonds, you can
0:43.6	browse thousands of options right from your phone. But like I said, public isn't just all about
0:48.3	bonds. You can also find stocks and ETFs, and they offer a high-yield cash account with a 4.1% APY, which is higher than the
0:56.4	national average. They even have retirement accounts. You can now open a traditional or Roth IRA,
1:02.5	or both right on public. So your future self, covered. And for a limited time, you can earn a 1%
1:09.6	match on all your IRA deposits, IRA transfers, and 401k rollovers.
1:14.6	If you want an investing experience that's both smart and simple, head to public.com slash money rehab.
1:20.5	One more time, public.com slash money rehab.
1:23.2	This is a paid endorsement for public investing.
1:25.4	Full disclosures and conditions can be found in the podcast description.
1:30.4	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
1:35.5	It's time for some money rehab.
1:40.8	More than half of Americans feel behind on retirement right now. And even if that's not you,
1:49.6	I'm sure you're still down for some more tips on how to land that dreamy, dreamy retired life, right?
1:54.7	Well, if you're a W2 employee, you might have a 401k retirement plan through your work,
1:59.0	but that's not the only kind of retirement
	...

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