In this episode, Mark talks about Roth contributions - money grows tax deferred! With compound interest your money grows faster when it is growing tax deferred. Compound interest is a powerful tool in investing. It is calculated the initial principle and accumulated interest over the different periods. He also talks about RMD: required minimum distribution. Starts with the year you reach 70.5 years of age. You can only fund a Roth IRA with cash. People are so focused on not paying taxes when they put their money into their account. He also talks about tax planning and strategies.
March 21, 2017