The 5 Basic Stages of your Traditional IRA (Full Lesson)
"What do I do with my 401(k) Rollover?" That is one of the most common questions we get when it comes to growing wealth with your Traditional IRA.
Get all you questions answered this comprehensive Traditional IRA training program including...
* "Can I contribute to my 401(k) and my IRA in the same year"?
* "What happens if I take my money out before 59 1/2?"
* "How are my distributions taxed?"
* "What can I do to make my IRA earn more?"
* "What is the difference between Actively Managed and Passively Managed?"
* "If I make too much, can I still contribute to my IRA?"
Website: http://www.BrightAdvisor.com
Schedule a 1-on-1: http://tap.bio/@brightwealth
Lesson Chapters:
0:00 Introduction & Overview
2:06 The Timeline of your Life
7:41 Stage 1: OPEN your IRA
11:27 Stage 2: FUND your IRA
21:09 Stage 3: INVEST your IRA
25:17 Stage 4: GROW your IRA
34:40 Active vs. Passive Management
38:43 Stage 5: Take INCOME from your Roth IRA
43:24 Tax & Penalty Exceptions
44:22 Closing
For over 20 years I've been in the professional development space and found that many people don't understand personal finance management and wealth building basics... It's almost a mystery to them...
For most of us, it's because the class was never taught.
Saving for retirement with an IRA can be a mystery. In this video, we take a deep dive into each of the 5 stages that an IRA goes through, so you can better understand how this 'tax-deferred growth' investment vehicle can work for you.
As will all investment options, there are pros and cons to the Traditional IRA. Please use this video as education content only.
*** IMPORTANT DISCLAIMER ***
Nothing in this video should be considered as personal advise for you specifically. You should consult with your financial advisor before making any investment related decisions.
#401k #TraditionalIRA #IRA #RetirementPlanning #RetirementAccounts #7702a #RetirementPlans
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"It's not WHAT you make, it's what you DO with what you make."
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