Robert Brokamp, CFP®

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318 appearances 2 recordings 1 series first heard Mar 2026 last heard 4 Apr

Robert Brokamp, CFP®’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Apr 2026 with 1.

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Motley Fool Hidden Gems Investing · Which Types of Investments Should You Own and Where Should You Own Them · 4 Apr 2026 podcast

Use the 401k or 403b for the index fund investing that you do, and then use your brokerage account or your other accounts for the other types of investing.

Now, there are other retirement accounts available out there that have some other choices and maybe lower costs, and those are IRAs, of course.

And I'm going to read the limits for 2025 and 2026 because it's not too late to contribute to an IRA for 2025.

You have until April 15th.

So the limits for 2025 are $7,000 or $8,000 if you'll be 50 and older.

And for 2026, it's $7,500 or $8,600 if you will be 50 or older by the end of the year.

All right.

So tell us a little bit about what you think are the advantages of IRAs.

The contribution limits are definitely lower.

The expenses are generally lower though.

So that's good too.

Another thing that I think it's important to consider is that if you like the Roth account, you may or may not be able to contribute to a Roth IRA.

Depends on your income.

Whereas with the Roth 401k or Roth 403b, whatever you have at your office, you can always contribute regardless of your income level.

And since I brought up the Roth, Stephanie, just give us some quick thoughts on how you think people should decide between the traditional and the Roth account.

The other benefit of the Roth is you do not have required minimum distributions at age 73 or age 75 if you were born in 1960 or later, which usually is not a big deal for most people.

But if you enter retirement with well over a million, maybe multiple millions of dollars, once you get to your 80s or so, and that's mostly in traditional accounts, your RMDs are actually going to be pretty significant.

And there are calculators out there on the web that can help you estimate your future RMDs.

And if they look like they're going to be way more than you need, then you might want to favor Roth accounts.

All right, when it comes to investing in IRA, Stephanie, what do you think about?

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