Is Investing in a Roth a Bad Idea?

09/07/23 • 19 min

Candid Conversations: Retirement Talk with Ryan Cravitz

We came across an article recently that would get anyone’s attention when they’re trying to save for retirement. The headline said this person lost $400k in a Roth 401(k) and warned others about the risk as well. While this headline could very easily be characterized as clickbait, we wanted to explore it a little further and see how much truth was in these numbers.
Here's some of what we’ll discuss in this episode:

Ryan’s favorite show growing up and which Olympic sport would he have the best chance at winning a medal.
An example of someone in their mid-50s who might benefit from a traditional 401k versus someone who might benefit more from a Roth.
Why we start with income planning to determine how much we need and what taxes might look like in retirement.
What are the best ways to financially help a child with their new grandchild?
Should you park your money in cash if you know a lot of life changes are coming up?

Read the article here: https://finance.yahoo.com/news/lost-400k-retirement-savings-roth-174006044.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIkWwMYSM-fB6t_MX8lExd4gm_ZfdGmNKd-SR1Li8ShRy48dw1PsMw5s01MCGixWIonmjy5Lcp5sNbJ2uQscXkEZtO2c3IOdRhKNuiepnd10XTXtHK1jh2mJwdhTwY42rtygybXhWczN7Bt86GnV3U378E4KLteJIZp0XmwYoUSk

Get more educational videos on YouTube: https://bit.ly/4b80CuY
CONNECT:

If you have any questions, you can contact us online here: https://cravitzfinancial.com/
Email: [email protected]
Call: 714-462-9155
Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM) a Registered Investment Advisor. Cravitz Financial & Insurance Solutions are independent of each other. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. Ryan Cravitz and Cravitz Financial & Insurance Solutions are not affiliated with or endorsed by the Social Security administration or any other government agency.

Ryan’s favorite show growing up and which Olympic sport would he have the best chance at winning a medal.
An example of someone in their mid-50s who might benefit from a traditional 401k versus someone who might benefit more from a Roth.
Why we start with income planning to determine how much we need and what taxes might look like in retirement.
What are the best ways to financially help a child with their new grandchild?
Should you park your money in cash if you know a lot of life changes are coming up?

Previous Episode

Spotting Problematic Personalities of Rogue Advisors

Finding a trustworthy and competent financial advisor is essential for securing your financial future. After all, they play a vital role in helping you make informed decisions about your money, investments, and long-term financial goals.

We’ll find out in today’s episode as we explore how to identify “The Ghost”, “The Jargon Juggler”, “The Chameleon”, and several more. And what should you do if you encounter them?
Here's some of what we’ll discuss in this episode:

What kind of communication should you expect from an advisor?
Some of the things that an advisor might do up front that might raise a red flag.
Why jargon and a think financial plan doesn’t necessarily indicate a knowledgeable advisor.

Next Episode

The Universal Truths in Retirement

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree?

We’ll explore the realities that all of us will face in this episode so join us as we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board. Everyone might address each of these truths in their own way, but no one should ignore what the things we talk about today.

This list of 10 truths will be broken up into two parts so make sure you stay tuned for the next episode.

Here’s are the truths Ryan will break down: