These are the most popular vehicles for savings in retirement.
Tim and Jeff discuss what they are and positives and negatives
concerning each.
Takeaways
Traditional and Roth IRAs have different types of tax
advantages. The traditional is tax deferred so the savings come up
front, while the Roth brings you tax free growth and withdrawals
but you pay taxes on what you put in
401Ks are provided by employers and have a limited number of
choices to invest your savings. IRAs have much more flexibility in
the kinds of things money is invested in, not just stocks and
bonds
401K money can be placed into an IRA, but there are specific
ways to do it to make it tax efficient. These are discussed so you
can be sure that you are not paying a bunch of taxes when it may
not be necessary
About the Podcast
Financial Advisors and Retirement specialists Tim Kulhanek and Jeff Gove dive into various retirement topics concerning your retirement.