Rushing Past the Roth | Series 9.3
Manage episode 339422624 series 2896200
Roth IRAs grow tax-free! A great way to build your wealth!
- Roth retirement accounts, whether that be a Roth IRA, which would be a retirement account that you set up on your own, or a Roth 401(k), which would be a retirement account you set up through work, all grow completely tax free. (01:06)
- The more you pay in taxes, the more it will hamper your financial situation. Perfect for avoiding the building up of wealth. (01:32)
- While Roth IRAs always have income limits, if you make too much you are not eligible. (02:34)
Quote for the episode: "Now if you actually do want to be a millionaire and pay less in taxes on all that investment growth, a Roth account would likely be a great way to do that." (02:14)
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