THE LOGAN ALLEC SHOW

Roth IRA vs. Traditional IRA: Similarities, Differences, and More!

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By now you've probably heard that you should contribute to an IRA, or Individual Retirement Account.  But which should you choose — the Roth IRA or the Traditional IRA?

Many modern financial gurus blindly recommend the Roth, but this may not be the best for everybody.

The fact is that there is no one-size-fits-all answer when it comes to deciding whether to contribute to a Traditional IRA or a Roth IRA.

Apart from receiving personalized financial advice, the best thing you can do is educate yourself on the similarities and differences so you can make an informed decision.

Whichever you choose — Roth, Traditional, or both (yes, that's a possibility) — make your choice and your contribution for 2019 by April 15, 2020, or you'll be missing out!

IRA Contribution Limits: https://moneydoneright.com/ira-contribution-limits/

Backdoor Roth IRA Strategy: https://moneydoneright.com/backdoor-roth-ira/

Best Credit Cards: https://moneydoneright.com/best-credit-cards/

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Logan Allec is a CPA and highly-sought-after personal finance expert who went from $50,000 of debt at age 21 to millionaire by age 30. He believes that money, as one of the best tools we have to live an incredible life, is something that everybody should master. And he’s on a mission to teach you what he knows about money, both through his experiences overcoming his own financial challenges as well as through the skills he’s developed as a veteran financial pro.

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