
3: Roth IRA vs Traditional IRA | Which one is right for you?

Description of 3: Roth IRA vs Traditional IRA | Which one is right for you?
In this episode Kolin talks about the differences and similarities between a Roth IRA and a Traditional IRA. Kolin shares some rules of thumbs that help you decide between a Roth IRA and a Traditional IRA including situation, tax bracket and more! Kolin helps listeners understand the tax implications of choosing a Roth IRA vs Traditional IRA & also covers how much you can contribute to a Roth IRA/IRA in 2025.
Learn more about IRA deduction limits here
Learn more about Roth IRA income limits here
Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial situation is unique, and what works for one person may not be right for another. Always do your own research and consult with a qualified financial professional before making any major financial decisions. We’re here to share ideas and spark conversations—but when it comes to your money, make sure you get advice tailored to your specific circumstances.