"Decoding Retirement Savings: IRA and Roth IRA Insights for Residents," we delve into the essential financial terms that every medical resident should be familiar with, focusing on Individual Retirement Accounts (IRAs) and Roth IRAs. The episode breaks down the key differences between these two types of retirement accounts, including their tax implications, contribution limits, and the importance of understanding which account best suits one's current and future financial situation. Additionally, we tackle the often confusing financial jargon, aiming to demystify these concepts and make them more accessible. The episode also addresses the mental aspect of dealing with reduced daylight in winter, offering strategies to combat seasonal depression and maintain mental wellness during the colder months.www.residentriches.com@residentrichesThis podcast is for informational purposes only and shouldn't be used for specific financial advice. Norman Wright is a registered representative of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and SKC Financial Group are not affiliated.

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