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NOTE: I made a mistake in the video. ROTH IRAs are not subject to RMDs (required minimum distributions)
I hope this video gives you a good overview of the differences between them so you can choose the best option for you.
Timestamp:
The best intro 0:00
401k trad: 2:40
Trad IRA 5:27
Roth 6:26
8:19 SEPTEMBER
Reversals 8:37
403b 9:33
Robinhood (get another free stock): http://join.robinhood.com/humphry
Resources for YOU on ALL these retirement plans:
Types of Retirement Plans: https://www.thebalance.com/types-of-retirement-plans-2894324
Guide to 401k and rollovers: https://www.investopedia.com/articles/personal-finance/092214/guide-401k-and-ira-rollovers.asp
Use your 401k to buy a house: https://www.investopedia.com/ask/answers/081815/can-i-take-my-401k-buy-house.asp
ROTH IRA contribution limits: https://www.schwab.com/ira/roth-ira/contribution-limits
ROTH IRA Withdrawal Rules: https://www.schwab.com/ira/roth-ira/withdrawal-rules
For e-commerce, business or individual advice inquiries, you can email me at: [email protected]
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Disclaimer: I am not a financial advisor, any investment comments express my opinion only.
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