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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Roth IRA Tax Benefits Explanation

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Real Estate, Business, Education, Self-improvement, Investing, Money

4.6858 Ratings

🗓️ 17 January 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

On this episode of DIY Money, Quint and Daniel go in-depth to explain the tax benefits of a Roth IRA.

Transcript

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0:00.0

Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.Money. Now, enjoy this episode.

0:23.5

Welcome back.

0:24.8

Ladies and gentlemen, you're listening to another edition of D.I.W.

0:28.7

Money.

0:30.5

What's your second, Daniel?

0:33.8

I'm a little bummed.

0:35.1

Why?

0:36.0

Because this will be old news by the time this airs.

0:40.3

But at the time we're recording yesterday, Simple Bank sent out an email.

0:45.2

They are sunseting the technology service, et cetera, that my wife uses for her grocery shopping account.

0:52.3

Simple Bank is this really cool thing.

0:53.8

I recommend it a few times on the podcast.

0:55.7

It's a bank, but you can, like, create goals within the bank.

0:59.1

And so it helps her because she's not a spreadsheeter.

1:02.2

And she, we direct deposit the sort of grocery and kid, like the money that she spends

1:07.7

for stuff around the household and stuff like that.

1:09.4

So there's a line out of them in our budget, but it goes right into her account.

1:12.3

She manages all that via their goals in the app and stuff like that.

1:16.9

And she kind of grew fond of it because I kind of like strong armed her to use it a couple years ago.

1:21.4

And now they're sunsetsetting it because they're just not doing it anymore?

1:26.1

Yes, closing.

1:26.9

Closing.

...

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