What different types of accounts are there?
Get the latest Flash player
-
Save to Favorites
What different types of accounts are there?
What is an IRA?
What is a 401k?
What is a Roth IRA?
What is a taxable account?
What is an asset class?
Financial Planning
Are there rules for handling finances when you are married?
What is the fastest way of doubling my money?
What are the categories and types of U.S. Bonds?
What are the asset classes within appreciation?
What investments fall in the asset class "Hard Asset Stocks?"
How long should I plan on needing money during retirement?
What is a stock index?
How can I keep the expenses of investing as low as possible?
How is a stock's price determined?
What is a mutual fund?
How do I start investing?
What different types of accounts are there?
What is dollar cost averaging?
Is bankruptcy ever the right option?
Why does the stock market fluctuate?
In addition to finances, what issues are important for retirement planning?
The Importance of a Written Financial Plan for Retirement
Investing the Right Way During Retirement
Avoid CD Investment For Retirement
Systemic Withdrawal Plan For Retirement Investments
Creating A Plan For Retirement
Understanding Health Care Costs During Retirement
Refinancing A Mortgage Before Retirement
Evaluate Income Sources Before Retirement
Annuitizing Income
Financial Strategy For A Down Economy
Investment For Beginners
Investment Planning
David John Marotta
President, Marotta Wealth Management, Inc., Marotta Wealth Management, Inc.
434-244-0000
questions@emarotta.com
David John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com
What different types of accounts are there?
David John Marotta talks about three main categories where you can put different types of accounts.
Transcripts
Host:What different types of accounts are there?
David John Marotta: There are three main categories where you can put different types of accounts. The first is IRA accounts and those are things where you put the money in pretax and when you take it out, your tax recorded in income tax rates and you can take it after retirement.
The second category is a taxable account, where you can put the money. If it appreciates, you pay capital gains and when you take the money out, you are not taxed on it. It is more like a bank account and the third category is Roth IRA account and the Roth IRA account, you put the money in after tax. You do not get any tax right off and it grows tax-free and when you take it out, you also do not get taxed on it. So, you put the money in after taxes, you have already paid the tax and then when you take it out they aren t any taxes.
Retirement Savings - What is a Roth IRA?
Retirement Savings - IRA Investment Allocation Options
Retirement Savings - How to Roll Over an IRA
Retirement Savings - What Is an IRA?
Retirement Savings - What is a Traditional IRA?
Retirement Savings - IRA Withdrawals, Rules and Penalties
Retirement Savings - Finding a Provider
How to Save for Retirement using IRAs
Retirement Savings - Compound Interest and the Rule of 72
(Add Comment)