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

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 13 July 2018

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What's the difference between a traditional (pre-tax) IRA and a Roth IRA? We have your answers in this week's short episode of The Money Guy Show.

While this is foundational financial advice, we share advanced skills you won't want to miss.

For more details, please visit the show notes on our website:

https://www.moneyguy.com/2018/07/401k-vs-roth-which-is-better/

Transcript

Click on a timestamp to play from that location

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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