About this episode
Just about everyone saving for retirement is faced with the option: Traditional or Roth. It doesn't matter if you are saving for retirement through an Individual Retirement Account (IRA) or a company-sponsored plan like a 401(k) or 403(b). You typically have the ability to choose between these two options. Unfortunately, most people default to choosing the wrong option and they could be missing out on tens of thousands of extra dollars in their retirement accounts. In today's episode, you will learn: Why we put money in retirement accounts to begin with The rules of thumb for choosing a retirement account and why you might not want to follow them Which type of retirement account - Traditional or Roth - is the best option (for most people) The flipside of the argument so you make an informed decision about what is best for you A common misconception about retirement accounts and how to address this One super simple trick for choosing the best investment options in your retirement account If you want to save more money, reduce your future tax bill, and invest smarter, you don't want to miss today's episode. Show notes: www.youstaywealthy.com/24 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in rendering legal, financial, or other professional services.