Jeff Brown
speaker
60 appearances
1 recordings
1 series
first heard Jul 2019
last heard Jul 2019
Jeff Brown’s voice in public audio — every appearance, attributed to the second.
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Appearances
You put in after-tax money.
at the beginning, so you don't get the upfront tax break.
But it's a good trade-off for many people.
And you'd have the high limits
putting in $50,000 or $60,000 or more when you might not be eligible for an ordinary Roth IRA or would only be limited to a small contribution each year.
So those are the two main things, the flexibility and the Roth that most of the experts say are the chief advantages.
Plus, of course, the tax deduction on the contributions if you have a traditional plan.
For the people who qualify for them, they can be a terrific deal.
And I searched all over for industry-wide data on how widespread these things are, and I absolutely could not find it.
So I think that just reflects the fact that they're not...
Very well known.
And a lot of the experts that I talked to, financial advisors and people who help clients set these things up, said that many people were just unaware of them.
Even many professionals were unaware of them.
And it's not that they're obscure or unknown.
It's just that they haven't caught on the way some other things have caught on.
Yes, they were established in the Bush tax cuts of 2001.
And I remember when I stumbled across them a number of years later.
that a lot of the providers that I talked to at the time, looking for one for myself, hadn't organized the system yet.
They just didn't offer them yet.
So it was sort of slow to get going.
Showing 21–40 of 60 · page 2 of 3
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