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Over 50? Here Is What You Need To Know About Roth Accounts

September 3, 2019

Over 50? Here Is What You Need To Know About Roth Accounts

Want to go deeper on this topic? Listen to Ep. 316-322 of the One Minute Retirement Tip on ITunes >>> https://apple.co/2jYjo4u.

A common misconception about investing in Roth accounts is that they are only for young people who have decades until retirement. This advice is just plain wrong!

In today’s video, I’m showing you why a Roth is still worthy of consideration if you are over 50…even if you make too much money to contribute to a Roth IRA!

Key Takeaways

  • How the Roth 401k allows you to contribute up to $25,000 if you’re over 50 – regardless of your income!
  • The advice about Roth accounts that you SHOULDN’T listen to.
  • Why it’s likely that your Roth still has decades to continue to grow, even if you’re really close to retirement.

Click here to watch the full video.

Video Summary

Don’t listen to anyone that tells you that you should forgo the Roth because you are close to retirement. It’s bad advice. Hopefully after watching this video, you’ll understand what you need to know about Roth accounts and what you need to know in order to make a good decision about whether you should contribute to a Roth 401k or a Roth IRA…Especially if you are close to retirement and over 50!

Schedule your free 15-minute strategy call >>>https://bit.ly/2y85PTq

THANKS FOR READING!

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Ashley Micciche of True North Retirement Advisors

Disclosure: 

The views outlined in this newsletter are those of True North Retirement Advisors (TNRA) and should not be construed as individualized or personalized investment advice. Any economic and/or performance information cited is historical and not indicative of future results. Economic forecasts set forth may not develop as predicted.

Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for a given client or portfolio.

Investing in stocks includes numerous specific risks including the fluctuation of dividend, loss of entire principal and potential illiquidity of the investment in a declining market. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond and bond mutual fund values and yields will decline as interest rates rise and bonds are subject to availability and change in price.

Any questions regarding the applicability of any specific issue discussed above should be addressed with TNRA. All information, including that used to compile charts and/or tables, is obtained from sources believed to be reliable, but TNRA has not verified its accuracy and does not guarantee its reliability.

Moreover, you should not assume that any discussion or information contained in the newsletter serves as the receipt of, or as a substitute for, personalized investment advice from TNRA or from any other investment professional. To the extent that you have any questions regarding the applicability of any specific issue discussed above to your individual situation, you are encouraged to consult with TNRA or the professional advisor of your choosing. All information, including that used to compile charts, is obtained from sources believed to be reliable, but TNRA has not verified its accuracy and does not guarantee its reliability.

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