Your Money & Your Life Podcast

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Financial Lessons from Mark Twain & Picking the Right IRA

June 18, 2020

We look at several quotes from Mark Twain in today’s episode to see how it may apply in our own financial life. Then, we talk through traditional and Roth IRAs to see which is better for you.

 

Read more and get additional financial resources here: https://doncashpodcast.com/?p=305 

 

Today's show schedule: 

0:31 - Don shares his summer plans and how they’ve had to change.

2:17 - What can we learn about money from Mark Twain? 

4:13 - Thinking the market will always go up can lead to panic when it doesn’t.

6:18 - October…and basically all of our months are dangerous for stocks.

7:57 - What are people talking about when they mention the stock market?

9:34 - A balanced portfolio does better during turbulent times.

11:19 - Choosing between a traditional and Roth IRA.

13:12 - What is the power of the Roth IRA?

14:33 - What’s the difference between a Roth conversion and contribution?

16:23 - Who should contribute to a traditional and who should contribute to a Roth IRA?

18:25 - How does the Roth conversion work?