EPISODE · Mar 19, 2024 · 21 MIN
5 Benefits of a Roth IRA in Retirement
from Retirement Answers · host Jacob Duke, CFP®
Roth IRAs are powerful retirement accounts. You get to pay your tax now, let your investments grow tax-sheltered, and take from the account in retirement TAX-FREE! (The tax-free part depends on whether or not you meet the age 59.5 and 5 year requirements)Having a Roth IRA in retirement will help you lower your tax bill in your retirement years and be a huge benefit when it comes to Social Security taxation or IRMAA (Medicare premium surcharges).In this episode of Retirement Answers, I share 5 benefits of having a well-funded Roth IRA in retirement and how you can maximize the potential of your Roth IRA.If you enjoy the podcast, I'd love it if you could give a rating and review on Apple Podcasts. It's the best way you can say 'Thank You'!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel #retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
What this episode covers
Roth IRAs are powerful retirement accounts. You get to pay your tax now, let your investments grow tax-sheltered, and take from the account in retirement TAX-FREE! (The tax-free part depends on whether or not you meet the age 59.5 and 5 year requirements)Having a Roth IRA in retirement will help you lower your tax bill in your retirement years and be a huge benefit when it comes to Social Security taxation or IRMAA (Medicare premium surcharges).In this episode of Retirement Answers, I share 5 benefits of having a well-funded Roth IRA in retirement and how you can maximize the potential of your Roth IRA.If you enjoy the podcast, I'd love it if you could give a rating and review on Apple Podcasts. It's the best way you can say 'Thank You'!Want help with your retirement plan?👇🏼☎️ Book a call with me✉️ Email me: [email protected] YouTube Channel #retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity
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5 Benefits of a Roth IRA in Retirement
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