This podcast was originally a YouTube video, you can watch that video here:

https://youtu.be/Hj-W1nadim4?si=ic4Diplp-dGpz7Ky

Remember, retirement is a new chapter in your life, and it's up to you to write its story. Follow our Medium Blog and schedule a consultation with Charles to tailor a plan that suits your unique financial goals: https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-call

Chapters outline

0:01 - Introduction: Welcome by hosts Marcus C and Chuck D, a preview of the episode's focus on debunking Roth IRA myths.

1:05 - Background: Discussion of childhood stories and urban legends, transition into Roth urban legends.

2:06 - Overview of Roth IRAs: Introduction of viewer and listener questions about Roth IRAs, format explanation.

2:48 - Question 1: Why is there so much talk about a Roth?

4:15 - Question 1B: What is a Roth IRA? Detailed explanation of Roth IRAs, their structure, and benefits.

5:17 - Question 2: Income Limits: Addressing myths about income limits for funding a Roth IRA and explaining employer-sponsored Roth options.

7:25 - Question 3: Employer Restrictions: Clarifying misconceptions about employer restrictions on Roth contributions.

8:30 - Question 4: Need for Tax Breaks: Analysis of the immediate tax breaks versus long-term tax-free withdrawal benefits.

9:53 - Question 5: Taxes in Retirement: Debunking myths about lower taxes in retirement and emphasizing long-term planning.

11:20 - Question 6: Tax on Withdrawals: Explanation of tax-free withdrawals under specific conditions.

12:36 - Question 7: Backdoor Roth: Discussion on the strategy and legality of backdoor Roth conversions.

15:32 - Question 8: Am I too good-looking to have a Roth?

16:08 - Question 9: Spousal Roth IRA: Clarifying the ability of non-working spouses to contribute to Roth IRAs under certain conditions.

17:39 - Question 10: Roth Conversions at Work: Addressing whether Roth conversions can be done within workplace retirement plans.

19:02 - Question 11: Early Roth Conversions: Explaining the possibility and implications of Roth conversions before age 59 1/2.

21:38 - Question 12: Am I too successful to have a Roth? Success and Roth IRAs: Debunking the myth that success or appearance affects Roth IRA eligibility.

23:00 - Health Tip: Deep Breathing: Benefits of deep breathing for mental and physical health, shared personal insights.

28:30 - Conclusion: Recap of the episode, encouragement to consult professionals regarding Roth IRAs, and farewell by hosts.

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