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EPISODE 23: ROTH VS. TRADITIONAL IRA

This week on the Monday Money Tip Podcast, we are discussing the differences between a Roth and Traditional IRA/401k and which one you should be using for your retirement savings. While both are fantastic options for saving, Joe is here to explain the tax implications of each and how they could apply to you. Joe also has some updated information about mortgage, savings and CD rates in our current events segment. We also have a success story from Laura about how a 0% credit card transfer changed her debt freedom journey.

About the Episode: 

  • Hear Joe answer a question about whether to choose a Roth or Traditional 401k at work.

  • Joe shares information about current mortgage rates, savings rates and CD rates.

  • Megan shares a success story about a woman who gained traction in her debt freedom journey by using a 0% credit card transfer.

Resources:
IWBNIN Next Steps
0% Credit Card Transfer
IWBNIN Ladder

Quote of the Day:
“Whether you choose Roth or Traditional, what is most important is that you actually choose one and invest! BOTH are great decisions for your financial future.” - Joe Sangl

Links
Marcus by Goldman Sachs
Ally Bank
American Express
IRS Website
Voya Retirement Calculator
Fidelity Retirement Calculator

Email info@iwbnin.com to ask questions or share success stories.

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