How Is ROTH Different From a Traditional Retirement Account? - Ep #38

Do you have your retirement money in a ROTH or a Traditional retirement account? Which one is right for YOU? You can find a lot of information on ROTH vs Traditional throughout the internet, but this episode covers the topic with a concise depth unique to HopeFilled. Find out the pros and cons of each one in Episode 38 of the HopeFilled Financial Podcast. If you have always wondered which one you should have your retirement money in, this is the episode for you!

In the today's story, Jay shares an idea for teaching toddlers delayed gratification - will it work? How can you delay gratification in order to build your retirement savings? Is delayed gratification something you were explicitly taught? Let use know in the comments!

The budget tip of the day is to make your savings goals F.A.S.T! Frugal, Achievable, Specific, and Trackable! Are your savings goals F.A.S.T?

Our listener question asks what to do when your employer cancels your pension! This can feel like a heavy topic, but it is a reality for many. Do you understand how to run the numbers to compare your options? Do you know the difference between a terminated pension vs a frozen pension plan?

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Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.

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Music: "Take Me Higher" by Jahzzar

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