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178. How to Make the Most Out of Your IRA
Manage episode 409301913 series 2784760
Did you know that you have until April 15th, 2024, to contribute to your 2023 IRA?
If you haven't maxed yours out yet, this episode will share everything you need to know about making the most out of your IRA.
Allegra and Whitney explain everything you need to know about the difference between Roth and Traditional IRAs, the restrictions on contributing to and withdrawing from IRAs, and why IRAs are great investments.
LISTEN TO LEARN
- What an IRA is, and why you may want one even if you already have a 401(k)
- How to make the most of your IRA and avoid costly penalties
- A breakdown of the different types of IRAs - Roth, Traditional, SEP, and SIMPLE
- How to determine which IRA is right for you and your goals
- What action steps to take to open an IRA account
RESOURCES
Learn more about the Wealth Circle: factorawealth.com/wealth-circle
Join 6 Figure Savings: factorawealth.com/6-figure-savings
Get our FREE financial framework workbook: factorawealth.lpages.co/grow-net-worth-workbook
Get our FREE investing checklist: factorawealth.lpages.co/investing-checklist/
FOLLOW
Instagram: www.instagram.com/factora_wealth/
YouTube: youtube.com/@factora_wealth
Visit our website: www.factorawealth.com
Got a question or a topic you'd like us to cover? Message us on Instagram @factora_wealth. Don't forget to subscribe and share this episode with someone who could benefit from it!
184 episoder
Manage episode 409301913 series 2784760
Did you know that you have until April 15th, 2024, to contribute to your 2023 IRA?
If you haven't maxed yours out yet, this episode will share everything you need to know about making the most out of your IRA.
Allegra and Whitney explain everything you need to know about the difference between Roth and Traditional IRAs, the restrictions on contributing to and withdrawing from IRAs, and why IRAs are great investments.
LISTEN TO LEARN
- What an IRA is, and why you may want one even if you already have a 401(k)
- How to make the most of your IRA and avoid costly penalties
- A breakdown of the different types of IRAs - Roth, Traditional, SEP, and SIMPLE
- How to determine which IRA is right for you and your goals
- What action steps to take to open an IRA account
RESOURCES
Learn more about the Wealth Circle: factorawealth.com/wealth-circle
Join 6 Figure Savings: factorawealth.com/6-figure-savings
Get our FREE financial framework workbook: factorawealth.lpages.co/grow-net-worth-workbook
Get our FREE investing checklist: factorawealth.lpages.co/investing-checklist/
FOLLOW
Instagram: www.instagram.com/factora_wealth/
YouTube: youtube.com/@factora_wealth
Visit our website: www.factorawealth.com
Got a question or a topic you'd like us to cover? Message us on Instagram @factora_wealth. Don't forget to subscribe and share this episode with someone who could benefit from it!
184 episoder
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