Mark Twain, Traditional IRA vs. Roth and Other FAQs

Where is your retirement money saved? Will it benefit you more now or later? On this episode of Smart Money Questions, Matt answers several FAQs when it comes to your retirement accounts as well as another question about inheritance plans. 

 

Read more and get additional resources here: https://wp.me/p9B077-KD 

 

Today's show schedule: 

0:30 - Philadelphia is moving into the next phase of reopening.

1:54 - “Suppose you were an idiot and suppose you were a member of Congress…”

5:05 - What is a qualified retirement account?

7:18 - What is a Roth IRA or Roth 401(k)?

9:34 - What happens if the tax rate gets raised?

11:36 - What are the contribution limits?

13:12 - What is a Roth conversion?

17:29 - Mailbag: Should the anticipated sum of an inheritance be talked about or a surprise?