Q&A: The Roth Decision at Every Income Level (And Why It Matters Now!)

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 21 January 2025

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

#575: Apar’s income has more than doubled after he started his own business. His advisor recommends Roth contributions but he’s skeptical due to his high income. Who’s right? Keith is frustrated by the conflicting advice he’s heard about Roth conversions. Is it better to do it while he’s young and earning a lower income, or should he wait until closer to retirement? Krish is fascinated by cryptocurrency and its impact on global investing. What opportunities should he capitalize on, and how? Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, you know that famous Shakespeare line, to Roth or not to Roth?
0:04.0	Oh, yes.
0:05.0	Written so long ago.
0:06.5	Exactly.
0:07.4	It was prescient, in fact, that Shakespeare anticipated the creation of the Roth account.
0:14.0	They say he was a genius, but people didn't know to what level.
0:18.3	Exactly.
0:19.2	Well, that's what we're answering today, to Roth or not to Roth, particularly if you have a high income.
0:24.1	David Lee Roth?
0:24.9	No.
0:25.3	Actually, the Roth account was named after William Roth, who was a senator who invented the account.
0:30.5	I don't like that story.
0:31.4	I wanted to be named after David Lee Roth.
0:33.3	Aye.
0:33.6	Well, I can't help you there.
0:35.1	But you know what I can do?
0:36.6	I can intro the show.
0:37.7	Welcome to the Afford Anything podcast.
0:39.7	The show that understands you can afford anything, but not everything.
0:43.4	Every choice carries a tradeoff.
0:45.7	And that applies not just to your money, but to your time, your focus, your energy to any limited resource you need to manage.
0:52.3	And this is a show all about optimizing those limited resources. We cover five pillars, financial psychology, increasing your income,
	...

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