Aug 29, 2019
In episode 186 of Financially Simple, Justin compares IRAs and ROTHs from a Business Owner’s perspective.
IRAs and ROTHs may appear to be similar on the surface of things, but when it comes to investing as a Business Owner, there are differences that you will need to consider depending on your goals. Justin goes over the differences between IRAs and ROTHs and explains why one might suit your requirements more than the other.
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BLOG: Small Business Retirement Plan Comparison
00:51 - A Business Owner’s View of IRAs and ROTHs
01:02 - What is an IRA/ROTH?
02:57 - Rules to Follow
04:19 - From a Business Owner’s Perspective
04:49 - The Tax Triangle
07:33 - Why ROTH is Recommended
08:29 - IRAs and 401Ks
10:04 - The Back-Door ROTH
13:30 - Which is Better?
20:51 - Conclusion
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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