Sep 2, 2026 · 53 min · 15 segments
On today’s episode, I’m joined by Mary Holland Nader, former Wall Street wealth manager and founder of Mary & Pip, to discuss overcoming money insecurity, building wealth, and why the biggest flex is…
Mary Holland NaderGuest
Siffat HaiderHost
So a Roth IRA and like any retirement account, if you think of any retirement account, just think of it as a normal investment account.

Like a brokerage account, if you hear that, that's an investment account.

a roth ira is just a normal investment account with tax advantages layered on top okay so the reason that retirement accounts have tax advantages is because the government wants you to save for retirement they don't want you to be on social security because they have to pay for that too so they incentivize you by cutting taxes for you so the roth ira is like the creme de la creme of retirement account when it comes to tax advantages because your growth in the market is tax-free.

So if you have a normal investment account and you invest $100 and it grows to $200, when you take that money out, you'd be taxed on that extra $100 growth.

In a Roth, when it grows to $200, you're not taxed at all on any of that money when you take it out.

Basically, if I put in $200 in my traditional IRA, it would be taken off my income.

So like this year I would get a tax break on it, but I would have to pay taxes when I take the money out.

Now, I would rather, since you're not going to touch those investments regardless until you're 59 and a half or, you know, retired.

So why doesn't everyone and their mom open a Roth? Because there's income limits.

You have to, I think, confirm, double check me, but it's $167,000 is like the income limit.

So this is why the Roth IRA would be the first investment account that I would open if I were in college, just starting out in my career, you know, making under $167,000 because now's the time that you can take advantage of that tax-free growth, you know? So it's amazing.

It's just, long story short, an investment account with pretty tax advantages wrapped around it.

So if you're going to invest, why not start with maxing out your retirement account, meaning putting as much as the government lets you into that retirement account? Because either way, you're ideally not going to touch that money for five to seven years.

So a Roth IRA and like any retirement account, if you think of any retirement account, just think of it as a normal investment account.

Like a brokerage account, if you hear that, that's an investment account.

a roth ira is just a normal investment account with tax advantages layered on top okay so the reason that retirement accounts have tax advantages is because the government wants you to save for retirement they don't want you to be on social security because they have to pay for that too so they incentivize you by cutting taxes for you so the roth ira is like the creme de la creme of retirement account when it comes to tax advantages because your growth in the market is tax-free.

So if you have a normal investment account and you invest $100 and it grows to $200, when you take that money out, you'd be taxed on that extra $100 growth.

In a Roth, when it grows to $200, you're not taxed at all on any of that money when you take it out.

Basically, if I put in $200 in my traditional IRA, it would be taken off my income.

So like this year I would get a tax break on it, but I would have to pay taxes when I take the money out.

Now, I would rather, since you're not going to touch those investments regardless until you're 59 and a half or, you know, retired.

So why doesn't everyone and their mom open a Roth? Because there's income limits.

You have to, I think, confirm, double check me, but it's $167,000 is like the income limit.

So this is why the Roth IRA would be the first investment account that I would open if I were in college, just starting out in my career, you know, making under $167,000 because now's the time that you can take advantage of that tax-free growth, you know? So it's amazing.

It's just, long story short, an investment account with pretty tax advantages wrapped around it.

So if you're going to invest, why not start with maxing out your retirement account, meaning putting as much as the government lets you into that retirement account? Because either way, you're ideally not going to touch that money for five to seven years.
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