Traditional IRA vs Roth IRA: Which is Better?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 13 July 2018
⏱️ 19 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | What's the difference between a pre-tax, traditional IRA and a Roth IRA? |
| 0:05.2 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, |
| 0:13.2 | taxing. You've got financial questions, he's got financial answers. It's Brian Preston, the money guy. |
| 0:20.8 | Hey, money guy family, it's your host, Brian Preston. |
| 0:22.8 | So, here with Mr. Bo Hanson going beyond common sense to make sure every dollar you have goes just |
| 0:28.8 | that much further. And this is one I got to catch him quick, Bo, because a lot of people are going |
| 0:33.5 | to hear that intro and be like, difference between a traditional IRA and a Roth IRA. This is foundational. |
| 0:38.7 | I know this already. Stay there. Stay. I know we attract very analytical, very smart do-it-yourselfers. |
| 0:46.3 | Don't leave because before this is all over, we're going to share some advanced skills that you |
| 0:51.3 | need to hang in there with us because a lot of you might think you understand all the ins and outs |
| 0:56.4 | of the difference between a traditional and a Roth IRA. But I think even these foundational |
| 1:01.3 | episodes can really help, you know, basically back up in a firm stuff you already know, but it |
| 1:08.1 | also can go you a little bit deeper on a little nugget that you might not even realize about this |
| 1:13.2 | subject matter. How long has the money guy show been going on, Brian? Since 2006. |
| 1:18.5 | I can't think in my mind since 2006 of a show that we have just dedicated solely to this topic. |
| 1:24.0 | Can you? No, and that's something I think that's what's good about the YouTube channel because we |
| 1:28.4 | have because we do now have, let's just say it, we have a media empire. We are building, I just |
| 1:37.2 | came up with that on this one. We are building, so it's not no longer, we're not just a podcast. We |
| 1:42.1 | are a show because there is multiple media formats, but it does allow us to come back and think about |
| 1:48.4 | things that we take for granted that everybody knows, but we know out there because of search terms |
| 1:54.2 | and other things, the YouTube is going to look at this a little bit differently. So we want to come |
| 1:58.6 | back and I think our listeners will appreciate this as well. By the way, if you're new to the family, |
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