Let’s start by defining words. (Because that matters) “Good” is a subjective term. A jail cell with a window to the outside world is “good” when compared to solitary confinement. But you’re still in jail either way. That’s how I view the Roth. Is it “better” than traditional 401ks/IRAs? Sure. You get tax free growth. And you can withdraw from it tax free in retirement. But would I call it a “good” option? No. And here’s why. 1. Uncle Sam restricts how much you can put in. Only $7k a year. It’s your future, but the government decides how much you can save for it. 2. You’re still can’t touch your money until age 59.5. If you touch it early, they charge a penalty fee (typically 10%) 3. You’re still subject to market swings. If it goes up, you win. But if it dips or crashes, not only do you lose, it compounds against you. And you lose time. And time is your most powerful wealth building tool. 4. You have to pay management fees the entire time whether your account wins or loses. Fees take money off the top and create something called compound drag. Basically the interest has less to compound against which adds up to $100’s of thousands of lost growth you could have earned if the fees weren’t there. The Roth may sound “good” because it’s better than traditional accounts but “good” doesn’t mean it’s the best option for you. The Roth is just the shiny new table in the same old casino. And the house always wins. (The house = Uncle Sam, Wall Street, and the IRS) Imagine a vehicle that lets you win when the market wins, but never lose when it drops. There’s no management fees. You get 24/7 tax free access and tax free growth. And you can use the cash today while the full amount keeps growing for the future. Your money works in two places at once. That’s just one of the things I teach in the classroom material. Go learn it and do something “good” with your money. 😎

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