Money Elementary
Welcome to Money Elementary, the podcast that takes you back to school to learn the personal finance lessons you never got in the classroom! Hosted by Heidi Castillo and co-host, Vanessa Hernandez, this show is your go-to resource for mastering the fundamentals of money management.
Join us each week as we dive into essential topics like budgeting, saving, investing, and financial planning, all with the goal of helping you build a stronger financial future. Whether you're a recent graduate, a seasoned professional, or simply looking to improve your financial literacy, Money Elementary has something for everyone.
Our expert guests and practical insights will empower you to make informed decisions about your finances, setting you on the path to financial success. No more feeling lost when it comes to money matters—get ready to graduate from Money Elementary with flying colors!
Tune in, subscribe, and embark on your journey to financial freedom. It's time to take control of your money and secure your financial well-being. Class is in session at Money Elementary!
Money Elementary
Monopoly and IRAs: A Winning Financial Strategy
In this episode, we explain IRAs using the classic game of Monopoly as an analogy. We explain how a Traditional IRA allows you to defer taxes until retirement, like collecting rent and keeping all your earnings during the game. In contrast, a Roth IRA requires paying taxes upfront but offers tax-free withdrawals in retirement. We also explore the history and benefits of both types of IRAs, highlighting key scenarios to help you decide which is best for you. Don't miss our financial toolkit advice on using the compound interest calculator to maximize your savings.
