Investing in a Roth is a great way to save on taxes, but it often comes with a number of handcuffs that limit the amount you can contribute.
But what if there was a way to invest that would give you most of the benefits of a Roth without the limitations?
In this episode, John Mints continues his discussion about a “Roth on Steroids”. He shares the key points that you should know before getting started to ensure it works for you and your specific situation.
How long it typically takes for this structure to become efficient
Who are the best candidates for this type of tax-free structure
The difference between a Roth and a Roth on Steroids
There is an age-old secret that professionals such as doctors, dentists, chiropractors, and many others are surprised to learn about, especially those in a higher tax bracket.
In this episode, John Mints talks about one of his favorite topics: tax-free savings and accumulation. Learn about his secret to tax-free gains that he calls a “Roth on Steroids.” With a potential increase in inflation and interest rates, there is no better time than now to start accumulating your wealth tax-free.
His age-old tax saving secret
How to start your Roth on steroids
What the rise of interest rates will do to your investments
Why you may not want to put all your eggs in one basket in terms of savings vehicles
What is a Roth IRA, and why may it be the best option for you? When it comes to saving for your future, and with the current state of taxes, it’s important to look for solutions that could be the right fit for you.
In this episode, John Mints fills you in on some myths about 401(k)s and warns not to get trapped into paying unexpected taxes. He explains the importance of understanding which account is right for you and describes Roth IRAs.
The best place to put your money given the current tax situation
Potential penalties when incorrectly withdrawing funds from your Roth IRA