The Secret of Roth vs Traditional IRA
Here we go into the worlds of IRAs, Roth and traditional IRAs.
Here we go into the worlds of IRAs, Roth and traditional IRAs.
Welcome to a financial plan in 10 minutes. In this short time, I'd like to show you a basic framework that lies at the heart of every plan and it's my hope that this will help you to make better financial decisions for the rest of your life.
My first home was in Hadham, Connecticut, above a nursing home that my parents owned. My mom was a geriatrics nurse, and within a nursing practice, they utilize what they term, standards of care. I try to do the same, and this is what I use when talking with clients. Uh, to give them ideas of things that we want might want to focus on.
What's it all about? There's an art and a science to financial planning, and this is part of the art part. This is Maslow's hierarchy of needs. You've probably seen it before. I like to use this when I talk about a lifestyle leading to meaning.
Debt is an obligation against future income. What do I mean by that? Good debt versus not good debt.
We went through the different types of income you, you might encounter in your life in the money coming in. Next, there are five things you can do with this. What are the five things? We'll go through them right now.