Ep 176: Back to the Basics - Retirement Saving Fundamentals

Phil's Tax Hacks · Mar 30, 2023 · 26m

Are you aware that not all retirement accounts are created equal? In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can choose the best account for you.

Here are some of the things we’ll address in this episode:

1:01 – What are the pros and cons of company-sponsored retirement plans?

5:02 – The advantages and limitations of Roth and traditional IRAs.

8:09 – What is the difference between a Simple…