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The Advantages of a Roth IRA

ira iras retirement taxes Mar 06, 2020

Have you been hearing about Roth IRAs and would like to know a little more? Are you curious about whether you're investing your money wisely? Maybe you're just tired of investing with the knowledge that you'll pay taxes through the nose when you finally retire someday.

 

Roth IRAs may be your best bet, if you fall under a certain income bracket. These requirements can change year-to-year, and may also be affected by your age group, so check with your financial advisor about the latest laws.

 

Consider these benefits:

 

  • Roth IRAs have some significant advantages over most other investment and retirement instruments.

 

  • They offer 100% tax-free profits, tax-free withdrawals and reduced estate taxes, just to name a few.

 

Roth IRA vs. Traditional IRA

 

Roth IRAs are different from Traditional IRAs in that the contributions you put in the IRA are not tax-deductible. But... Roth IRAs do not require you to start taking money out at a certain age, and all...

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Episode 063 - Why Now is the Best Time to Think About Retirement

 

SHOW NOTES & LESSONS

 

 

WHAT BOOKS, PRODUCTS, SERVICES, OR LINKS WERE MENTIONED...

Please use our Affiliate Links whenever possible and help support the show.  Thank you!

 

Recommended Article or Blog Post Related to This Week's Podcast:

The 2020 Wealth Building Summit - three full days of premier self-directed IRA education! At the Summit, you’ll hear from investors around the country who are using their self-directed IRAs to build wealth, secure their financial futures, and create a legacy for future generations. Three full days of education, networking, and inspiration!

 

https://www.eventbrite.com/e/2020-wealth-building-summit-cleveland-oh-registration-68835768637

 

https://www.daveramsey.com/blog/teach-your-kids-how-to-save-for-retirement

 

 

 

Recommended Podcast Episode that is paired with this one like a Fine Wine:

Get This Episode's Show Notes in a pdf form...

PICTURE OF PDF

Go To Our Download...

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Episode 058 - You're Doing It Wrong: The Biggest Mistake You May Be Making

 

SHOW NOTES & LESSONS

 

it can't be personal (ie. emotional) if it's business...

 

Do yourself and your business a favor and stop renting out your

personal space as soon as you possibly are financially able to.

 

Always pay yourself and even your kids for jobs that you perform. This is an expense for your business, which lowers the income, which lowers your business' tax burden. As long as your kids make under a certain amount, $12,200 in most cases, they do not have to pay taxes on it.

 

Get your mindset away from your old thinking. Employees and Self-Employed people think incorrectly about money - which usually is one of the main reasons they're stuck on the E and S side of the Quadrant!

 

THINK AND ACT like a business owner. Pay yourself! Hire the right professionals to get the job done! Don't step over dollars to save cents!

 

Stop Thinking Like an Employee

and

Start Thinking Like a Business Owner!

 

...

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Episode 015 - Using Your Self-Directed IRA to Invest in Your STR Business

ira retirement Nov 16, 2018
 

Read more about IRA's at The Prosperity Process and find out more about opening your own Self-Directed IRA at Equity Trust.

Here are the books Michelle referenced in today's podcast.  Note, these are Affiliate Links.

[00:00] Over the last two centuries nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave, with less risk and less capital, while creating greater income, is your host, Best selling author and speaker, Michelle Russell

[00:21] Hi this is Michelle, the master of money mindset, and I'm here with the short term rental revenue podcast and in today's episode we're going to talk about using your self directed IRA to invest in your short term rental revenue business. This is one of my favorite subjects. I have a website called the Prosperity Process and actually it's the parent company to the short term rental revenue. And when you go to the prosperity process dot com you'll be...

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