How to Be a Tax-Free Millionaire

Money Guy Show

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

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 6 July 2018

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If there was a way for you to become a tax-free millionaire, do you think that would be something you'd want to know about? The good news is that there is a retirement vehicle that was designed to incentivize Americans to save toward retirement by allowing assets to grow tax-free, and it's known as a Roth IRA. You may be familiar with what a Roth IRA is but do you know all the reasons that make it such an amazing component to your overall retirement strategy? You're in luck because in this week's episode of The Money Guy Show we share why Roth IRAs were created and how you can use them to gain the highest benefit. For more details visit the show notes on our website: https://www.moneyguy.com/2018/07/how-to-be-a-tax-fee-millionaire/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	To Roth or not to Roth?
0:02.1	Today we're going to do a deep dive in all Roth assets and just let you even know how
0:06.4	did these things come to be?
0:07.9	So beyond common sense.
0:09.7	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:16.7	investing, taxes.
0:18.6	You've got financial questions, he's got financial answers.
0:22.2	It's Brian Preston, the money guy.
0:25.5	So bow in all seriousness.
0:27.8	What is this about Roth?
0:29.2	I mean, why do people lose their mind when they talk about Roth accounts?
0:33.2	Yes, so normally like the cocktail party, the things that get people excited are not
0:36.5	talking about like financial products, right?
0:38.4	But if you want to get around a group of financial folks, specifically financial advisors
0:42.7	and get them real juiced, start talking about what you can do with a Roth IRA or the
0:46.8	Roth World in K.
0:48.2	This is what's so amazing about Roths because there are very few things that exist in
0:52.9	this world that are tax-free.
0:54.4	No matter fact, I think one of the common sayings we often use is there are only two things
0:58.1	that are certain in this life.
1:00.0	Death, taxes.
1:01.6	And taxes, man, we are not a musical duo.
	...

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