108: Which IRA Is Best For You? Roth Vs Traditional Explained Simply The Sugar Daddy podcast

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108: Which IRA Is Best for You? Roth vs Traditional Explained Simply

4d ago 36:05

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Confused about Roth vs Traditional IRAs? You're not alone.

In this episode, Jess and Brandon break down the pros, cons, and real-world impact of choosing a Roth IRA versus a Traditional IRA for your retirement game plan.

Learn how taxes, income levels, and long-term growth factor into the decision, and why the right choice could save you thousands down the road.

We cover:
– How Roth and Traditional IRAs actually work
– Which one fits different income brackets
– Tax implications now vs later
– Real-life scenarios to help you decide
– Common myths and costly mistakes

Whether you're just getting started or rethinking your retirement strategy, this episode gives you the clarity to move forward with confidence.

Head over to our YouTube channel to catch this episode in full video form.

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Money, relationships, and the mindset to master both. Hosted by financial advisor Brandon and his wife Jess, The Sugar Daddy Podcast breaks down how to build wealth, unpack old money beliefs, and have real conversations about love and finances. Our mission? To help couples and individuals grow rich in every sense of the word: emotionally, relationally and financially.

Chapters

1. Why IRAs Matter Right Now (00:00:00)

2. IRA Basics and 2025 Contribution Limits (00:01:20)

3. Lump Sum vs Dollar-Cost Averaging (00:02:40)

4. Employer Match Before IRAs (00:04:38)

5. Roth Income Limits and Penalties (00:04:58)

6. Traditional IRA Deductions and Limits (00:06:12)

7. How Roth and Traditional Taxes Work (00:08:00)

8. Access Rules, Penalties, and Liquidity (00:10:00)

9. Pros, Cons, and Required Minimum Distributions (00:12:00)

10. Why Many Prefer Roth Today (00:15:30)

11. One Limit, Two Accounts: Splitting $7,000 (00:17:00)

12. Backdoor Roth: Steps and Pitfalls (00:18:40)

13. Choosing What’s Right for You (00:21:00)

14. Early Retirement Buckets and Flexibility (00:23:00)

15. Resources, Next Steps, and Closing (00:24:40)

121 episodes

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