In this episode of the Retirement Plan Playbook, hosts Matthew Theal and Joshua Winterswyk from Evermont Wealth dive into the debate of Roth IRA vs. Traditional IRA. They begin with casual conversations about March Madness, and then transition into hot take headlines including potential TikTok bans and an antitrust suit against Apple.
The core of the episode is dedicated to unraveling the intricacies of Roth and Traditional IRAs, discussing their benefits, limitations, and suitability for different financial scenarios. The hosts also touch upon spousal contributions, the backdoor Roth IRA strategy, and present the new provision allowing 529 plans to be rolled over into Roth IRAs.
The episode concludes with personal recommendations, highlighting the benefits of a new golf club and recommending 'The Gentlemen' on Netflix.
01:28 March Madness and Bracket Bets
03:01 Hot Take Headlines: Federal Reserve and Interest Rates
06:39 Inflation Insights and Economic Theories
11:13 TikTok Ban Controversy: Security vs. Social Media
14:04 Apple's Antitrust Suit: A Tech Giant Under Scrutiny
16:44 The Impact of Apple on the Stock Market
17:28 Apple's Legal Battles and Potential Outcomes
18:43 Retirement Planning Corner: IRA vs. Roth IRA
23:23 The Traditional IRA: An Underutilized Tool
25:06 Navigating Non-Deductible IRA Contributions and Backdoor Roth IRAs
28:39 Maximizing Retirement Savings: Strategies Beyond the 401k
30:08 Final Thoughts and Recommendations
Connect with Evermont Wealth:
Ep 21: Retirement Planning Strategies In A Recession
Ep 20:What To Do When The Stock Market Declines
Ep 19: The Impact Of The Coronavirus On The Stock Market
Ep 18: Kobe Bryant & Financial Planning
Ep 17: A Decade Of Financial Planning
Ep 16: How The SECURE Act Will Impact Your Retirement In 2020
Ep 15: Financial Planning 101
Ep 14: The Mailbag Show
Ep 13: 8 Financial To-Do's Before The End Of The Year
Ep 12: DIY Retirement Plan
Ep 11: The Truth About Annuities
Ep 10: Why Business Owners Need To Get A Business Valuation
Ep #9: Should You Move Out Of California When You Retire?
Ep #8: 5 Keys To Being A Successful Investor
Ep #7: 401(k) Or IRA - Which Is Better?
Ep #6: Important Retirement Ages
Ep #5: Love or Hate - Personal Finance Rules of Thumb
Ep #4: Underdog Concepts
Ep #3: 5 Mistakes That Could Sink Your Retirement
Ep #2: Social Security Basics
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