James Cook+FollowWhy Dave Ramsey Loves Roth IRAs Over 401(k)sEver feel like picking retirement accounts is a game of pin-the-tail-on-the-donkey? Dave Ramsey says most folks are just guessing with their 401(k)s, and that could cost you big in taxes later. His money hack? He’s all about the Roth IRA—pay taxes now, but when you retire, your money (and its growth) is all yours, tax-free. If you want to keep more of your hard-earned cash, maybe it’s time to give the Roth IRA a second look! #MoneyHacks #RetirementPlanning #DaveRamsey #RothIRA #PersonalFinance #Finance105Share
James Cook+FollowDon’t Let Roth Conversions Sneak Up on YouThinking about moving your 401(k) money into a Roth IRA? Before you hit that transfer button, double-check your tax bracket! If you convert too much at once, you could end up paying way more in taxes than you expected—like filling up your gas tank in a pricey state. Timing is everything: sometimes waiting until you’re in a lower tax bracket (like after you retire) can save you big bucks. Always peek at the long-term, not just this year’s bill! #MoneyHacks #RetirementReady #TaxTips #RothIRA #PersonalFinance #Finance00Share
cody79+FollowCan You Donate to Lower Roth Rollover Taxes?Thinking about moving your IRA to a Roth and worried about the tax hit? Here’s the scoop: you can’t just send your tax bill to your favorite charity, but you can donate directly from your IRA to a nonprofit and shrink your taxable income. It’s called a QCD (qualified charitable distribution). So, if you’re feeling generous and want to save on taxes, consider giving straight from your IRA before you convert. It’s a win-win for you and your cause! #MoneyHacks #TaxTips #RothIRA #Charity #PersonalFinance #Finance00Share
Mark Smith+FollowHelping My 54-Year-Old Dad Save for RetirementMy dad’s 54 and still driving for Uber full-time. He worked hard to pay for my brother’s and my college tuition, but now he has almost no retirement savings or investments. I’m worried he’ll end up working forever. Would it make sense to encourage him to open a Roth IRA and start investing in the S&P 500? I know time isn’t on his side, but every little bit could help. I just don’t want him to feel stuck working into his 70s. Any advice on how to get him started? Or other options I should consider? #RetirementPlanning #RothIRA #S&P500 #FinancialAdvice #HelpingParents100Share
Jeffrey Wang+FollowShould we pick rentals over a RothIRA?My wife and I are debating this right now—we’ve got 2 rentals making $1,500/mo with zero vacancies in 4 years. But we can’t afford to grow that and fund our Roth IRA. I’m leaning toward putting everything into real estate. It feels more tangible… monthly cash flow, inflation protection, and we’ll own them outright eventually. But am I missing something? Anyone else go all-in on rentals instead of retirement accounts? #realestateinvesting #retirementplanning #RothIRA20Share
Encore Hustle+Followjust learned how these retirement accounts work 😌I used to avoid anything with “401k” or “IRA” in it—felt too complicated. But it finally clicked. A 401k is offered by your job (and sometimes comes with free money via matching 🙌), while a Roth IRA is something you open on your own. The big difference? Roth = pay taxes now, withdraw tax-free later. Traditional = no taxes now, but pay later when you retire. Also found out about “vesting”—basically, you need to stay with a company for a few years to keep their match. Not financial advice, but this helped me stop feeling overwhelmed. Anyone else learning this stuff a little late? #personalfinance #retirementready #401k #rothira70Share
