The Truth About IRA's

One tax strategy can help. But the real opportunity may come from how your tax strategies work together. In this episode of The Truth About Taxes and Retirement, Barry Watts continues his series on stacking tax strategies by adding the IRA as the next layer after the 401(k). Barry explains who may qualify to contribute to an IRA, the difference between deductible and nondeductible contributions, Roth versus traditional IRAs, and why the pro rata rule can create an unexpected tax complication when converting money to a Roth. He also discusses SEP IRAs and how they may provide additional planning opportunities for certain business owners and self-employed individuals. The goal is not to find one tax “silver bullet.” It is to understand how several strategies may work together over time as part of a larger retirement tax plan.  ???? Listen to the full episode of The Truth About Taxes and Retirement: https://pod.link/1520277576 Learn more about building a retirement strategy here: https://wealthcarecorp.com/contact/ Get Watts on Wealth the ????: https://a.co/d/bETW4aY  Website: https://wealthcarecorp.com/  Facebook: https://www.facebook.com/WealthCareCorp  YouTube: https://www.youtube.com/@WattsOnWealth  ????️ Podcast: Watts on Wealth Radio Show https://pod.link/1737485633  ????️ Podcast: The Truth About Taxes and Retirement https://pod.link/1520277576  Every Dollar App: https://www.ramseysolutions.com/ramseyplus/everydollar  J. Barry Watts Springfield’s WealthCare Corporation #Inflation #RetirementPlanning #WattsOnWealth