This Week:

82 – Roth vs Traditional IRA

Ken continues his discussion of IRAs, this week the difference between a Roth and Traditional IRA. As discussed, both accounts are tax deferred. However, with Traditional IRAs, the money you put in can be tax deducted immediately. On the flip side, the money put in a Roth is taxed that year, but the withdrawal at retirement is tax-free. Based off of this information, Ken encourages you to understand what tax bracket you fall in – that will help you determine which one better suits your situation.

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Join Chief Financial Officer Ken Kaufman as he helps you track and hack your net worth. Using his two decades of financial experience, Ken Kaufman helps you overcome your financial obstacles and look onward towards a better, brighter financial future.

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Recent Episodes

82 – Roth vs Traditional IRA

Ken continues his discussion of IRAs, this week the difference between a Roth and Traditional IRA. As discussed, both accounts are tax deferred. However, with Traditional IRAs, the money you put in can be tax deducted immediately. On the flip side, the money put in a Roth is taxed...

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81 – How to Setup an IRA

Ken shifts focus to a tangible action that you can use to grow your Net Worth, by utilizing an Individual Retirement Account. IRAs are tax deferred, meaning as it gains value over time (due to investment) you don’t have to pay taxes on that gain. Ken outlines the features...

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80 – Reset

Ken has undergone tons of changes these past few months. From a pandemic to braces to a new house (ep. 73), Ken has taken the opportunity to reassess his own financial outlook. He revisits his new recurring expenses, automated payments, changes in cashflow. He then applies these new factors...

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79 – Kids and Checks

One of the responsibilities of preparing your children for adulthood is teaching them how to manage their own finances. In an increasing digital age, depositing checks is becoming a lost art. Ken shares his own experiences teaching his children about checking accounts and check deposits – and why it’s...

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78 – ROI

When it comes to personal finance, Return on Investment is something you must consider. Net worth is about culminating assets, and investments is one way to do it. Making investments is critical but tracking them is just as critical. You must assess what is going to create the best...

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77 – Bias

Bias can appear in all areas of our life, not just race or prejudice. Ken first defines it and then frames it in the context of finance, going on to explain how it can negatively affect your finance. Take for example recency bias, which can skew your perception of...

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