Roth IRA Explained: Basics & Beyond | Women Talk Money | Fidelity Investments

IRAs can help strengthen your retirement plan. During this conversation, Women Talk Money navigates retirement tax strategies, Roth income limits, Roth contribution rules, Roth conversions, and much more. Whether you're comparing Roth and traditional accounts, curious about backdoor or mega backdoor Roth strategies, interested in IRAs and retirement withdrawals, or simply hoping to learn something new, this episode has something for you. From basics to beyond, let's break down the Roth IRA. 00:00 Welcome to Women Talk Money 00:56 What is a Roth IRA? 01:54 Roth IRA vs. traditional IRA 03:19 Why open a Roth IRA or traditional IRA? 09:55 Common misconceptions about Roth 11:08 What is a Roth conversion? 13:16 Roth conversion vs. rollover IRA 14:29 When should I talk to a tax professional about a Roth account? 16:30 What is the Roth 5-year aging rule? 19:48 What is a backdoor Roth IRA? 21:22 What is the ‘pro-rata’ rule? 23:54 What is a Roth 401(k)? 25:41 What is a mega backdoor Roth? 27:02 How a Roth can help add flexibility in retirement 31:48 Recap: contribution limits, 5-year aging rule, RMDs 37:53 What is the Roth IRA for kids? 39:36 The bottom line: Roth IRAs Questions? Drop them below 👇 and we’ll reply right in the comments. Subscribe to the Women Talk Money community: https://www.fidelity.com/go/womens-investing/signup?ccsource=WTM_YouTubeReplay_08.12.26 Register for upcoming Women Talk Money events: https://fidelityevents.com/women-talk-money-events?ccsource=Social_WTM-08.12.26-YT-replay • To see more videos, subscribe on YouTube: https://www.youtube.com/fidelityinvestments • Follow Fidelity on Reddit: https://www.reddit.com/r/fidelityinvestments/ • Follow Fidelity on Instagram: https://www.instagram.com/fidelityinvestments • Follow Fidelity on TikTok: https://www.tiktok.com/@fidelityinvestments • Follow Fidelity on Facebook: https://www.facebook.com/fidelityinvestments/ • Follow Fidelity on LinkedIn: https://www.linkedin.com/company/fidelity-investments/ •