The Basics of Roth IRAs Explained

Join us for this episode of “The Roth Guy” as we cover the fundamentals of Roth IRAs. We'll start with the basics: What exactly is a Roth IRA? Jude breaks down the essential components, including the differences between traditional IRAs and Roth IRAs, and why it's crucial to consider tax diversification in your retirement strategy. He’ll also cover important topics such as contribution limits and eligibility for 2024, as well as the differences between Roth contributions and conversions.   Here’s some of what we discuss in this episode: 0:00 – Intro 0:52 – The basics of Roth IRAs and tax diversification 5:55 – Contribution limits in 2024 + finding balance 10:49 – Roth contributions vs conversions 14:03 – Roth conversions and Medicare premiums   Check out the Tax Efficient Funnels pdf HERE   Connect: Website: https://centrusfs.com/podcast/   Call: 800-779-4592 Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/