Retirement Savings Basics: What’s The Purpose Of All My Accounts?

Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples. We’ll help you weigh the pros and cons of each and give you insights into the purposes they serve so that you can make an informed decision. Join us and discover why understanding the purpose of these accounts is essential for securing a comfortable retirement.

Show Notes

1:30 - Main Topic: Retirement Savings Basics

2:10 - 401(k)s, 403(b)s, & 457 Plans

3:17 - Pros Of Traditional Accounts

5:32 - IRAs

7:22 - Simple IRAs

8:16 - HSAs & FSAs

11:35 - Annuities, CDs, & Dividend Stocks 

12:35 - How Do You Choose Which Account Is Right For You?

14:42 - Mailbag: Claire Asks If She Should Push Her Retirement Date Back    

Have questions about any of the topics we covered in today's podcast? Reach out to me at 480-513-1830, or schedule a call via my calendar.