Summary

In this episode of Financially Fluent, Ray Godleski, Cindi Walters, and intern Gavin Truong delve into the intricacies of Roth IRAs. They discuss the fundamental differences between Roth and traditional IRAs, the benefits of Roth IRAs for various age groups, income limits, contribution rules, and withdrawal regulations. The conversation also covers the importance of Roth IRAs in retirement tax planning, tax diversification strategies, and common misconceptions surrounding Roth IRAs. The episode concludes with a trivia segment and practical advice for listeners considering a Roth IRA.

Takeaways

• Roth IRAs provide tax-free growth and withdrawals.
• You can withdraw your contributions anytime without penalty.
• Roth IRAs are beneficial for both young and older investors.
• Income limits apply for direct contributions to Roth IRAs.
• Roth conversions can be strategic for tax planning.
• Roth IRA owners do not have required minimum distributions.
• You can do a backdoor Roth if you exceed income limits.
• Roth IRAs may offer more investment options than 401ks.
• It's never too late to open or contribute to a Roth IRA.
• Roth IRAs can help with estate planning and tax diversification.

Attachment
Key Fin. Data 2025 Ray G Osaic (004).pdf