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The Truth About Retirement Accounts
Episode 15
In this episode, Angie Grainger CPA/PFS, CFP and Elise Eropkin take a more detailed look at the topic of retirement accounts, specifically IRAs and 401(k)s. They explain that IRAs can actually harm you in terms of taxes, as the growth is taxed at ordinary income rates when you withdraw the money. They also discuss Roth IRAs, which don't provide a tax deduction upfront but allow tax-free withdrawals in the future. They emphasize that ultimately, the best way you can prepare for retirement is by living a life you love now and investing in assets that will provide for your future needs.
The Prosperity Nation Podcast
