If just mentioning Roth IRA’s, contribution limits and 401(k)’s send your head spinning, this show is for you. Financial experts Joe Anderson and Alan Clopine take the mystery out of saving for retirement by discussing different savings tools to help you build your wealth for retirement. Just determining which tools work best for you can be overwhelming. Joe and Al break down these basics for saving for retirement:
IRA vs. 401(k)’s
Roth vs. Regular
Investing Basics
Rental Real Estate
Important Points:
1:10 – Lost Matches
3:12 – The different types of accounts you can save in for retirement, how they are taxed & the type of investments available
3:35 – IRA
4:30 – 401(k) & 403(b)
5:34 – Non-Retirement Accounts
6:25 – How much you can contribute to an IRA vs. a 401(k) or 403(b)
8:15 – True or False? If I work two jobs, each with its own 401(k) savings plan, I can contribute twice the maximum limit.
10:18 – Countdown to Retirement
12:46 – Roth vs. Traditional
15:44 – Stock vs. Bonds
17:19 – Inflation
18:09 – Stock Allocation
19:35 – Investing 101
20:13 – True or False? An employer match made on my Roth 401(k) contributions is deposited into my Roth account.
21:26 – Al’s Thoughts About Real Estate
