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Money Girl

Traditional or Roth IRA–Which is Better?

Money Girl

Macmillan Holdings, LLC

Business, Investing, Education, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 13 March 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Understand the differences between a traditional and Roth IRA, the updated rules, who qualifies to use them, and which is better for your financial situation and goals. 

Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

Links: 

https://www.quickanddirtytips.com/

https://www.quickanddirtytips.com/money-girl-newsletter

https://www.facebook.com/MoneyGirlQDT

https://twitter.com/LauraAdams

https://lauradadams.com/


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Transcript

Click on a timestamp to play from that location

0:00.0

Regularly investing using one or more tax advantage retirement accounts is really wise if you want a

0:11.8

financially comfortable retirement.

0:14.0

I'm a big fan of individual retirement accounts or IRAs

0:19.0

because they're available to just about anyone regardless of age.

0:22.0

You could be a teenager with a job, an employee of a small

0:25.9

company that doesn't offer a retirement plan, or even an unemployed spouse of a breadwinner

0:32.4

and still qualify for an IRA.

0:35.0

However, understanding the differences between a traditional and a Roth IRA

0:40.1

and which one is right for you can be confusing.

0:43.0

This podcast will review the updated IRA rules,

0:47.0

explain who qualifies to use them,

0:50.0

and which is better for your financial situation and goals.

0:53.4

Hey friends, thanks for joining me this week.

0:55.5

I'm Laura Adams, an author, media spokesperson

0:58.6

and money speaker, hosting the Money Girl

1:00.7

Podcast since 2008, with over 42 million downloads.

1:05.4

I always love getting your money questions and comments.

1:08.2

You can leave them on our voicemail line at 302

1:12.0

3640388.

1:15.0

Or you can send me an email using my contact page at Laura D Adams.com.

1:21.0

I'm also the founder of The Money Stack a weekly newsletter and community helping you build

1:26.0

your bank account on your terms. It includes invitations to live educational events.

...

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