The Rules for Roth Contributions

from Retirement Answer Man · host Roger Whitney

So many economic predictions for the year have proved incorrect. Since even the brightest economists don’t have a crystal ball, planning your retirement based on economic, market, or investment predictions can lead you astray. Instead of basing your retirement plan on wishful thinking, learn how to create a strategic retirement plan based on agency.Today, and during this entire Roth IRA series, we’ll see how you can use Roths to enhance your retirement plan. Listen to this episode to hear whether you should be making Roth contributions to help fund your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [5:48] How to make Roth IRA contributions[8:04] How backdoor Roth contributions work[13:47] The difference in the Roth 401KLISTENER QUESTIONS [19:45] Envisioning family legacy options[28:08] Spousal Social Security benefits[31:26] Optimizing taxes and estate planningBRING IT ON WITH KEVIN LYLES [39:20] On designing a phased retirement[45:02] Make sure your phased retirement isn’t an excuse to not retireTODAY’S SMART SPRINT SEGMENT [47:30] Examine whether you should be making Roth contributionsResources Mentioned In This Episode Rock Retirement ClubRoger’s YouTube Channel - Roger ThatBOOK - Rock Retirement by Roger WhitneyRoger’s Retirement Learning Center

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This episode is 49 minutes long.

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This episode was published on July 12, 2023.

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