ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 42: How To Get $5 Billion In A Roth IRA

We find that even the most financially astute ER Docs get confused in the differences between Traditional and Roth IRA. And it makes sense… there’s a lot to digest! Different annual limits, taxable nature, thresholds, how distributions down the road will be taxed, and strategies on converting. 

So in this episode we break down the Roth IRA so you understand the in’s and out’s of it. Plus, we go over how a type of account designed to be for the middle class with relatively small annual contribution limits can eventually grow to billions.


Topics Discussed:
  • What you have to pay tax on as far as contributions to a Roth IRA.
  • How to get more money in your Roth IRA.
  • Who benefits from holding a Roth IRA account.
  • Whether a Roth IRA or a Traditional IRA is more advantageous.
Resources Mentioned:

ERdocadvisor.com  

Tags

planning, financial planning, ER doctor, doctors, finances, advice, roth ira

by 
Scott Wisniewski, EA