Tax Advantaged Investing Strategies
Part One – Weekly Article
Roth IRA vs 401k or Traditional (deductible) IRA
Watch the two videos listed below and do your own search to find additional resources to learn more about these types of accounts:
Roth IRA
Traditional (Tax Deductible) IRA
401K Retirement Account
Write an article 300 – 500 words,
Format the article as you would for other video summary assignments,
Include at least three source links in your article to receive full credit.
One of your links needs to be a YouTube.com link
Include Outline of Zoom Meeting (see below for more details)
Compare and contrast the Roth IRA vs the Traditional (Tax Deductible) IRA with respect to the following:
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Who is eligible?
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What are the Tax Advantages?
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How much can a person contribute on an annual basis?
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When can investors withdraw funds?
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Tax Penalties
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Distribution Requirements
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Any Exceptions related to penalties and withdrawals
Becoming a Millionaire: Roth IRA vs 401K (What makes the MOST PROFIT)
Jim Cramer: Roth Or Traditional Account?
Part Two – BayRock Plan Updates
Tax Allocation
In part two of this assignment, you’re going apply what you learned about Tax Allocation. You will first need to update your planning portal with an extra $150,000 in 3 different investment accounts. You can delete these accounts after you complete your Capstone Assignment. Use your own Asset Allocation as you create your investment accounts. And tell me what you learned as you pay close attention to how your choices impact your financial plan.
You will need 10 Screenshots
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Before Probability
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Before Asset Allocation
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Before Tax Allocation
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Investment: Big Blue Bucket — $50k
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Investment: Tax Deductible IRA — $50k
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Investment: Tax Free Roth IRA — $50k
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Investment Account Summary
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After — Asset Allocation
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After — Probability
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After — Tax Allocation
Before Screenshots
Probablity
Asset Allocation
Tax Allocation
Add 3 Investment Accounts
Taxable Account — $50,000
Tax Deferred
Tax Deductible IRA — $50,000
Big Brown Bucket (401K)
Tax Free
Roth IRA — $50,000
Small Gold Bucket
Investment Account Summary
After Screenshots
Asset Allocation
Probability
Tax Allocation
Part Three – Outline Lecture
Topical Timeline/Outline for Zoom Meeting
Indicate whether you attended the Zoom Meeting, watched live on Facebook, watched live on YouTube, or viewed the video at some other time via Facebook or YouTube.
Include a Topical Timeline/Outline for this week’s lecture as follows:
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Topical Outline
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Timing for the topic from 05:10 – 11:15
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Next Topic
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Timing for the next topic from 11:16 – 15:25
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And so on…
Be sure to include the Topical Timeline/Outline all together in one section of your assignment article, here’s an example of what I mean:
Introduction: 00:00 – 1:25
How to Catch Fish: 01:25 – 4:45
How to Clean Fish: 04:25 – 09:55
When to Go Fishing: 09:55 – 13:44
What Kind of Fish are good to eat: 13:44 – 21:32
Fish Story Summary: 21:32 – 34:21
Submit One PDF in BB
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Include Week 11 Quiz (Screenshot)
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Include Week 11 Class Collaboration Screenshot for the upcoming Capstone Workshop:
Post a brief comment with any specific question or issue related to your financial plan. If you have a specific question that you want me to address in the upcoming Capstone Workshop, please email your specific question(s) to me at [email protected]
If you’re having no issues and if you don’t really have any questions, please post a comment describing your overall experience this semester in Personal Finance.
Post in Money Study Group, Facebook, or YouTube and grab a screenshot.
