What you need to know about Roth IRAs and HSAs.
Eric Brotman from Brotman Financial Group explains the benefits – and the differences – between various tax-advantaged savings accounts.
Doug Goldstein asks Eric to discuss:
- Who should switch from a traditional to a Roth IRA?
- Why aren’t HSAs (Health Savings Accounts) being used more?
- If people are indexers, do they really need to worry about tax-deferred plans?
- What sort of investments should people put into their IRAs?
- When you leave an employer, should you roll your 401(k) into an IRA?
Our show sponsors
Today’s guest, Eric Brotman:
Eric Brotman is a CFP®, AEP®, CPWA®, and President & Managing Principal at Brotman Financial Group.
He appears regularly on television on 11 News Sunday Morning on WBAL in Baltimore, in print in Wall Street Journal, The Baltimore Sun, Baltimore Business, and many more.
Website: Brotman Financial Group
eBook: LowTaxBook.com – 4 Strategies to Maximize Your Income Taxes Legally
Book: Retire Wealthy: The Tools You Need to Help Build Lasting Wealth – On Your Own or With Your Financial Advisor
Disclosure: Eric offers securities through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Kestra IS and Kestra AS are not affiliated with Brotman Financial Group or any entity referenced herein. Neither Kestra IS nor Kestra AS provide tax or legal advice. The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra IS or Kestra AS. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results.
For a quick bio of each of our show participants, head on over to our panelists’ page.
About our sponsor, BUZZ Index
Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange-traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large-cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments, and blogs are analyzed each month!
Here’s how it works: First, BUZZ targets the most mentioned large-cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.
Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.
Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.
About our sponsor, Health IQ
HealthIQ is a sponsor of the Money Tree Investing Podcast.
You invest your money, don’t forget to invest in your life and take care of your loved ones with life insurance.
If you live a healthy lifestyle, you could save up to 33% on your life insurance.
- 56% of Health IQ customers save between 4-33% on their life insurance.
- Health IQ can save our customers up to 33% because physically active people have a 56% lower risk of heart disease, 20% lower risk of cancer and a 58% lower risk of diabetes compared to people who are inactive.
- Like saving money on your car insurance for being a good driver, Health IQ saves you money on your life insurance for living a health-conscious lifestyle.
- These savings are exclusive to Health IQ and you must qualify to get the special rate (visit the site for more details).
Head over to HealthIQ.com/moneytree and see if you qualify, based on your overall wellness.