Federal Employees Retirement & Benefits Podcast
Roth Urban Legends & Myths
This podcast was originally a YouTube video, you can watch that video here:
https://youtu.be/Hj-W1nadim4?si=ic4Diplp-dGpz7Ky
Remember, retirement is a new chapter in your life, and it's up to you to write its story. Follow our Medium Blog and schedule a consultation with Charles to tailor a plan that suits your unique financial goals: https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call
Chapters outline
0:01 - Introduction: Welcome by hosts Marcus C and Chuck D, a preview of the episode's focus on debunking Roth IRA myths.
1:05 - Background: Discussion of childhood stories and urban legends, transition into Roth urban legends.
2:06 - Overview of Roth IRAs: Introduction of viewer and listener questions about Roth IRAs, format explanation.
2:48 - Question 1: Why is there so much talk about a Roth?
4:15 - Question 1B: What is a Roth IRA? Detailed explanation of Roth IRAs, their structure, and benefits.
5:17 - Question 2: Income Limits: Addressing myths about income limits for funding a Roth IRA and explaining employer-sponsored Roth options.
7:25 - Question 3: Employer Restrictions: Clarifying misconceptions about employer restrictions on Roth contributions.
8:30 - Question 4: Need for Tax Breaks: Analysis of the immediate tax breaks versus long-term tax-free withdrawal benefits.
9:53 - Question 5: Taxes in Retirement: Debunking myths about lower taxes in retirement and emphasizing long-term planning.
11:20 - Question 6: Tax on Withdrawals: Explanation of tax-free withdrawals under specific conditions.
12:36 - Question 7: Backdoor Roth: Discussion on the strategy and legality of backdoor Roth conversions.
15:32 - Question 8: Am I too good-looking to have a Roth?
16:08 - Question 9: Spousal Roth IRA: Clarifying the ability of non-working spouses to contribute to Roth IRAs under certain conditions.
17:39 - Question 10: Roth Conversions at Work: Addressing whether Roth conversions can be done within workplace retirement plans.
19:02 - Question 11: Early Roth Conversions: Explaining the possibility and implications of Roth conversions before age 59 1/2.
21:38 - Question 12: Am I too successful to have a Roth? Success and Roth IRAs: Debunking the myth that success or appearance affects Roth IRA eligibility.
23:00 - Health Tip: Deep Breathing: Benefits of deep breathing for mental and physical health, shared personal insights.
28:30 - Conclusion: Recap of the episode, encouragement to consult professionals regarding Roth IRAs, and farewell by hosts.
Connect with CD Financial for More Insights:
Twitter: /CDFinancial_LLC
Instagram: /CDfinancial.llc
Facebook: /CDFinancialLLC
LinkedIn: /cd-financial-llc
Visit our Website https://cdfinancial.org/
Subscribe and Stay Updated:
Don't miss out on crucial advice for your financial journey. Subscribe now for weekly insights and strategies to secure your retirement.
Get More from CD Financial:
Looking for personalized advice? Schedule a consultation with Charles to tailor a plan that suits your unique financial situation.
https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call
#RetirementPlanning #TSP #401K #FinancialAdvice #InvestmentStrategy
This podcast was originally a YouTube video, you can watch that video here:
https://youtu.be/Hj-W1nadim4?si=ic4Diplp-dGpz7Ky
Remember, retirement is a new chapter in your life, and it's up to you to write its story. Follow our Medium Blog and schedule a consultation with Charles to tailor a plan that suits your unique financial goals: https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call
Chapters outline
0:01 - Introduction: Welcome by hosts Marcus C and Chuck D, a preview of the episode's focus on debunking Roth IRA myths.
1:05 - Background: Discussion of childhood stories and urban legends, transition into Roth urban legends.
2:06 - Overview of Roth IRAs: Introduction of viewer and listener questions about Roth IRAs, format explanation.
2:48 - Question 1: Why is there so much talk about a Roth?
4:15 - Question 1B: What is a Roth IRA? Detailed explanation of Roth IRAs, their structure, and benefits.
5:17 - Question 2: Income Limits: Addressing myths about income limits for funding a Roth IRA and explaining employer-sponsored Roth options.
7:25 - Question 3: Employer Restrictions: Clarifying misconceptions about employer restrictions on Roth contributions.
8:30 - Question 4: Need for Tax Breaks: Analysis of the immediate tax breaks versus long-term tax-free withdrawal benefits.
9:53 - Question 5: Taxes in Retirement: Debunking myths about lower taxes in retirement and emphasizing long-term planning.
11:20 - Question 6: Tax on Withdrawals: Explanation of tax-free withdrawals under specific conditions.
12:36 - Question 7: Backdoor Roth: Discussion on the strategy and legality of backdoor Roth conversions.
15:32 - Question 8: Am I too good-looking to have a Roth?
16:08 - Question 9: Spousal Roth IRA: Clarifying the ability of non-working spouses to contribute to Roth IRAs under certain conditions.
17:39 - Question 10: Roth Conversions at Work: Addressing whether Roth conversions can be done within workplace retirement plans.
19:02 - Question 11: Early Roth Conversions: Explaining the possibility and implications of Roth conversions before age 59 1/2.
21:38 - Question 12: Am I too successful to have a Roth? Success and Roth IRAs: Debunking the myth that success or appearance affects Roth IRA eligibility.
23:00 - Health Tip: Deep Breathing: Benefits of deep breathing for mental and physical health, shared personal insights.
28:30 - Conclusion: Recap of the episode, encouragement to consult professionals regarding Roth IRAs, and farewell by hosts.
Connect with CD Financial for More Insights:
Twitter: /CDFinancial_LLC
Instagram: /CDfinancial.llc
Facebook: /CDFinancialLLC
LinkedIn: /cd-financial-llc
Visit our Website https://cdfinancial.org/
Subscribe and Stay Updated:
Don't miss out on crucial advice for your financial journey. Subscribe now for weekly insights and strategies to secure your retirement.
Get More from CD Financial:
Looking for personalized advice? Schedule a consultation with Charles to tailor a plan that suits your unique financial situation.
https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call
#RetirementPlanning #TSP #401K #FinancialAdvice #InvestmentStrategy