Financially Independent Teachers
Welcome to the Financially Independent Teachers Podcast- where educators come together to discuss their journey on the road to financial independence. Each week, Dave and Brandon interview teachers who are winning with money and welcome financial industry experts like JL Collins, Andy Hill, Andrew Hallam (Millionaire Teacher) and Rachel Cruze (daughter of Dave Ramsey). There are plenty of voices in the teachers' lounge telling you that you can't build wealth on an educator income, let FIT provide hope that you CAN!
Financially Independent Teachers
EP 262-3 Bucket Investing and Roth Conversions with David Gourley
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Traditional, Pre-Tax, Roth, Post-Tax, Brokerage Accounts...these investment accounts can be so confusing, especially to newbies. Do you want to pay taxes now or later? Is there a better time to convert funds during a particular time of life?
I've talked to many teachers who don't know the difference between Roth and Traditional accounts. Some have tens of thousands of dollars in a traditional 403(b) or 401(k) accounts, but didn't find out about a Roth (tax free growth) until it is "too late". Good news...former HS math teacher (turned Financial planner), David Gourley is back on the FIT podcast to share how you can move funds from one investment account.