GenExDividendInvestor | Roth or Traditional IRA: Who Wins? @GenExDividendInvestor | Uploaded 11 months ago | Updated 1 day ago
In this fascinating video I analyze the pros and cons of Roth IRAs versus Traditional IRAs to see what makes sense to do, and I think you may find the results surprising.
Timestamps:
0:00 Intro
0:39 Interesting article about someone who said they lost out on $400k due to going with a Roth instead of a Traditional IRA
1:22 Overview of Roths & Traditional IRAs
2:23 Chart comparing Roths vs Traditional IRAs
2:41 Examples of investing with pre & post tax dollars
4:07 Chart cont.
4:46 Backdoor Roth
5:02 Chart cont. (RMDs)
8:39 Earned Income
9:53 Diving into the article
10:55 Census bureau data on income
11:35 Tax brackets
11:39 Rule of thumb as to if a Roth or a Traditional IRA is better
12:01 Article cont.
13:59 Dave Ramsey says a Roth is usually better
14:55 Rother conversion ladder
17:15 Ramsey cont.
17:52 Roth or Traditional from a member on my Discord
19:15 Article cont.
19:34 Roth vs Traditional IRA online calculator
20:15 Another Roth vs Traditional spreadsheet & discussion with someone on my Discord
20:56 A website that says Traditional IRAs are better for most people
22:37 Lots of opinions on which is better
23:29 Tax rates in the future
24:41 Lots of options for what you do
25:11 Interesting finding about a popular dividend stock
27:07 Please use my Seeking Alpha Affiliate Link (I’m sponsored)
27:24 Outro
NBANeil’s spreadsheet: docs.google.com/spreadsheets/d/1ZBQM2mcYi-IWJRwgH_C9v3LwaBE5qNgpkC_GbJ-f9vk/edit#gid=0
Dividend Limey’s spreadsheet: docs.google.com/spreadsheets/d/15IjjmpfHvIc5lDeygVOpLzAj3mpdpKXQix4QB3oKEMQ/edit#gid=1269137998
My Seeking Alpha Premium Affiliate Link ➜ sahg6dtr.com/2352ZCK/R74QP
Chat with me on my free Dividend Discord chat server ➜ discord.gg/kkSr5FY
Follow me on Instagram ➜ instagram.com/genexdividendinvestor
Follow me on Twitter ➜ twitter.com/GenExDividend
Support me & get Patreon perks ➜ patreon.com/join/genexdividendinvestor
My Dividend Merch (10% donated to St Jude) ➜ teespring.com/stores/genexdividendinvestor
Donate to St. Jude’s Children Hospital: stjude.org/donate/donate-to-st-jude.html?sc_icid=header-btn-donate-now
An Estimate of My Dividend Portfolio on M1 ➜ https://m1.finance/g_gwV-4Pk5sm
Please use my Amazon Affiliates Link ➜ amzn.to/2YLxsiW
Thanks! As an Amazon Associate I earn from qualifying purchases.
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
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Share this Video ➜ youtu.be/Y25lBumGLj4
Watch this Video next ➜ youtu.be/F-nKgqu9NV0
Feel free to ask questions on Instagram, Twitter, Reddit, email, or here on YouTube. Listen to my videos as Podcasts on iTunes, SoundCloud, Spotify, Castbox.fm, etc.
Listen to my Videos as Podcasts on iTunes ➜ podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524
Listen to my Videos as Podcasts on SoundCloud ➜ soundcloud.com/genexdividendinvestor
Reddit ➜ reddit.com/user/GenXDividendInvestor
Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
The Intelligent Investor ➜ amzn.to/2WPwgtj
One Up on Wall Street ➜ amzn.to/2YTDAXt
Attributions/SEO/Useful Links:
bankrate.com/retirement/roth-vs-traditional-ira-calculator
lifeandmyfinances.com/investing/why-roth-ira-is-bad
finance.yahoo.com/news/lost-400k-retirement-savings-roth-174006044.html
investor.vanguard.com/investor-resources-education/article/benefits-of-a-roth-ira
investopedia.com/articles/personal-finance/081615/basics-roth-ira-contribution-rules.asp
forbes.com/advisor/retirement/how-to-calculate-rmds
investopedia.com/articles/personal-finance/041015/top-10-mistakes-avoid-your-roth-ira.asp
usatoday.com/money/blueprint/retirement/disadvantages-of-a-roth-ira
finance.yahoo.com/news/roth-absolutely-mathematically-kicks-traditionals-110000498.html
yahoo.com/finance/news/consider-roth-conversion-vanguard-answer-170620382.html
yahoo.com/finance/news/ask-advisor-want-roll-over-204031295.html
smartasset.com/taxes/paycheck-calculator
schwab.com/ira/roth-ira/withdrawal-rules
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
Copyright © 2023 GenExDividendInvestor. All rights reserved.
#RothIRA #TraditionalIRA #401k
In this fascinating video I analyze the pros and cons of Roth IRAs versus Traditional IRAs to see what makes sense to do, and I think you may find the results surprising.
Timestamps:
0:00 Intro
0:39 Interesting article about someone who said they lost out on $400k due to going with a Roth instead of a Traditional IRA
1:22 Overview of Roths & Traditional IRAs
2:23 Chart comparing Roths vs Traditional IRAs
2:41 Examples of investing with pre & post tax dollars
4:07 Chart cont.
4:46 Backdoor Roth
5:02 Chart cont. (RMDs)
8:39 Earned Income
9:53 Diving into the article
10:55 Census bureau data on income
11:35 Tax brackets
11:39 Rule of thumb as to if a Roth or a Traditional IRA is better
12:01 Article cont.
13:59 Dave Ramsey says a Roth is usually better
14:55 Rother conversion ladder
17:15 Ramsey cont.
17:52 Roth or Traditional from a member on my Discord
19:15 Article cont.
19:34 Roth vs Traditional IRA online calculator
20:15 Another Roth vs Traditional spreadsheet & discussion with someone on my Discord
20:56 A website that says Traditional IRAs are better for most people
22:37 Lots of opinions on which is better
23:29 Tax rates in the future
24:41 Lots of options for what you do
25:11 Interesting finding about a popular dividend stock
27:07 Please use my Seeking Alpha Affiliate Link (I’m sponsored)
27:24 Outro
NBANeil’s spreadsheet: docs.google.com/spreadsheets/d/1ZBQM2mcYi-IWJRwgH_C9v3LwaBE5qNgpkC_GbJ-f9vk/edit#gid=0
Dividend Limey’s spreadsheet: docs.google.com/spreadsheets/d/15IjjmpfHvIc5lDeygVOpLzAj3mpdpKXQix4QB3oKEMQ/edit#gid=1269137998
My Seeking Alpha Premium Affiliate Link ➜ sahg6dtr.com/2352ZCK/R74QP
Chat with me on my free Dividend Discord chat server ➜ discord.gg/kkSr5FY
Follow me on Instagram ➜ instagram.com/genexdividendinvestor
Follow me on Twitter ➜ twitter.com/GenExDividend
Support me & get Patreon perks ➜ patreon.com/join/genexdividendinvestor
My Dividend Merch (10% donated to St Jude) ➜ teespring.com/stores/genexdividendinvestor
Donate to St. Jude’s Children Hospital: stjude.org/donate/donate-to-st-jude.html?sc_icid=header-btn-donate-now
An Estimate of My Dividend Portfolio on M1 ➜ https://m1.finance/g_gwV-4Pk5sm
Please use my Amazon Affiliates Link ➜ amzn.to/2YLxsiW
Thanks! As an Amazon Associate I earn from qualifying purchases.
Please LIKE, COMMENT and SUBSCRIBE to support this channel - it helps me immensely! Also, please SHARE this video with your friends :) Thanks, I really appreciate it!
Get more great info - Subscribe! ➜ youtube.com/c/GenExDividendInvestor?sub_confirmation=1
Share this Video ➜ youtu.be/Y25lBumGLj4
Watch this Video next ➜ youtu.be/F-nKgqu9NV0
Feel free to ask questions on Instagram, Twitter, Reddit, email, or here on YouTube. Listen to my videos as Podcasts on iTunes, SoundCloud, Spotify, Castbox.fm, etc.
Listen to my Videos as Podcasts on iTunes ➜ podcasts.apple.com/us/podcast/genexdividendinvestor-podcasts/id1476933524
Listen to my Videos as Podcasts on SoundCloud ➜ soundcloud.com/genexdividendinvestor
Reddit ➜ reddit.com/user/GenXDividendInvestor
Investing Books to read (as an Amazon Associate I earn from qualifying purchases):
The Intelligent Investor ➜ amzn.to/2WPwgtj
One Up on Wall Street ➜ amzn.to/2YTDAXt
Attributions/SEO/Useful Links:
bankrate.com/retirement/roth-vs-traditional-ira-calculator
lifeandmyfinances.com/investing/why-roth-ira-is-bad
finance.yahoo.com/news/lost-400k-retirement-savings-roth-174006044.html
investor.vanguard.com/investor-resources-education/article/benefits-of-a-roth-ira
investopedia.com/articles/personal-finance/081615/basics-roth-ira-contribution-rules.asp
forbes.com/advisor/retirement/how-to-calculate-rmds
investopedia.com/articles/personal-finance/041015/top-10-mistakes-avoid-your-roth-ira.asp
usatoday.com/money/blueprint/retirement/disadvantages-of-a-roth-ira
finance.yahoo.com/news/roth-absolutely-mathematically-kicks-traditionals-110000498.html
yahoo.com/finance/news/consider-roth-conversion-vanguard-answer-170620382.html
yahoo.com/finance/news/ask-advisor-want-roll-over-204031295.html
smartasset.com/taxes/paycheck-calculator
schwab.com/ira/roth-ira/withdrawal-rules
Disclaimer: I am not a financial adviser. These videos are for entertainment, inspiration, and educational purposes only. Investing of any kind involves risk. I am only sharing my opinion with no guarantee of gains or losses on investments. Please consult an appropriate adviser and do your own research before making any decisions on anything. I am not responsible or liable for any actions you take. The data shared may be inaccurate.
Copyright © 2023 GenExDividendInvestor. All rights reserved.
#RothIRA #TraditionalIRA #401k
