Why Consider Roth?

Why Consider Roth?
Dr. Friday Tax Tips - One Minute Mo...

 
 
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.

Putting money away in your 401k, your SEP, your IRA? These are wonderful tools. But you also need to ask yourself if you’re in a certain tax bracket. If you’re a married couple combined income less than $100,000, maybe you should be thinking about a Roth. If you’re an individual total income less than $50,000. Maybe you should be thinking about a Roth. It’s at 12% tax for the next few years, you’re probably going to set aside more that can grow tax-free than deferring it into an after-tax account or pre-tax account. So you need to actually talk to your financial planner, find out what is best for you because you don’t want to leave any money on the table.

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