Today, I discuss something I’m asked about a lot as a tax professional- which is better for a creative entrepreneur–a Roth or a traditional IRA? Which one should you focus on to get the most out of your retirement account?
My controversial opinion? This question can put folks into a state of Tiny Detail Exaggeration Syndrome (credit to Mister Money Mustache for that great phrase): I think it actually can distract you from the real issue.
I’m diving into the core differences between these two IRA accounts, important issues to be aware of, and what you really need to stay focused on to get your retirement fully funded.
Also mentioned in today’s episode:
If you enjoyed this episode, please rate, review and share it!
Links:
https://www.sunlighttax.com/sunlight-tax-master-class
https://www.sunlighttax.com/deductionsguide
The FTC Non-Compete Ban: What It Means for You
Deliver your Best Work with this Magic Tip
How to Deduct Business Meals When You're Self-Employed
How to Deduct Business Travel
Startup Expenses: A Perk for Your New Business
Business vs. Hobby & the IRS 9 Point Test for Profit Motive
New Rules for LLCs: Update
Why It Matters Who You Listen To
4 Cases Where Done Beats Perfect
How Taxes Can Unlock Your Financial Health
Thoughts I’ve had About Money
1099 vs W2 Income and Why it Matters
Insider Deduction Tips
How to Deduct Fees, Bandmate Payouts and Gallery Commissions
Tips to Make Your Taxes Better Right Now
Can a Massage Therapist Deduct Massages? Education Expenses Explained
Discomfort Means You're Growing: Estimates and Investments
1099s Deep Dive: Listener Questions
What Are Receipts Actually For?
Issuing 1099s
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Tim Ferriss Show