VIDEO
Traditional vs Roth IRAs
In this informative video, Bayntree Financial Advisor Cristina Perez walks you through the differences between a Traditional IRA and a Roth IRA, and some of their key benefits, including:
Traditional IRA
- Contributions are tax-deductible in the year they are made
- Earnings grow tax-deferred until they are withdrawn
- Withdrawals are taxed as ordinary income in the year they are made
Roth IRA
- Contributions are made with after-tax dollars
- Earnings grow tax-free
- Withdrawals are tax-free after age 59½, as long as the account has been open for at least 5 years
Which option is right for you?
It's important to speak with a financial advisor to discuss your individual situation and determine which type of IRA is right for you.
Want to learn more? Click here to watch the video of Bayntree President Andrew Rafal speaking with IRA expert Ed Slott about Roth conversion strategies to see if a Roth conversion might make sense for you.
To discuss any questions you may have, please contact us at (480) 494-2750 or click here to schedule a 15-minute call.
Investment advice is offered through Bayntree Wealth Advisors, LLC, an SEC-registered investment adviser. Insurance and annuity products are offered separately through Bayntree Planning Group, LLC. Bayntree does not provide, and no statement contained herein shall constitute, tax or legal advice. You should consult a tax or legal professional on any such matters. Opinions expressed herein are solely those of Bayntree Wealth Advisors. All content is for informational purposes only and is not intended to provide the basis for any financial decisions.
Master Your Retirement
With These Essential Resources
Keep Watching
.jpg)
As Featured In
