Which should I choose: a Roth or a traditional IRA? That’s the question that always seems to be top of mind with many millennial investors.
While I’m always quick to suggest that there are many factors you should consider BESIDES which one will net you the biggest potential return in retirement, a new study by NerdWallet makes a compelling argument in favor of everyone’s favorite, the Roth.
Regardless of your retirement tax rate, it appears that the Roth is a powerhouse when it comes to outperforming its friend, the traditional IRA. Check out the podcast episode to hear what you need to know about the Roth.
On This Podcast Episode:
- We’ll do a deep dive into this study about the Roth
- Discuss the differences between a Roth and an IRA
- Talk about a few factors that might stop you from going all in with a Roth
- Understand the power of your retirement tax rate – and how you can’t possibly know what it will be now – and that’s ok
Thanks for Tuning In:
Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.
Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!
Shannah Compton Game is a Money Wellness expert, host of the to-rated Millennial Money podcast, and CERTIFIED FINANCIAL PLANNER with an MBA. Millennial Money has over 15 million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.