Roth IRA: How To Go From $542 to $1 Million

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Information Roth IRA: How To Go From $542 to $1 Million

Title	:	Roth IRA: How To Go From $542 to $1 Million
Lasting	:	11.56
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Comment from : Jarrad Morrow

I hate to say it, but with most of us, we won’t be able till we retire until we are 6 feet in the ground
Comment from : Mike Pendergast

In my Ira I have S&P 500 Reality incom Apple nvida And Gladstone all dividends are reinvested
Comment from : Bretts Corner

except inflation will make that chump change by the time you can touch it and that's assuming the US dollar maintains it's dominance
Comment from : Noksuan

What if the market takes a shit? Roth IRA is bullshit
Comment from : TonydlP650

Does the 6000-6500 initial contribution include rollovers from employers/previous employers? If someone did a 20k rollover from a job would that be heavy tax penalties???
Comment from : Sean Y

Please tell us what you have in your Roth IRA account
Comment from : Emeka K

What company should I go with
Comment from : Shanda Love

1 million is peanutsbrbrShoot for $5M minimum, especially if you’re retiring 10+ years from now
Comment from : Alpha Beta

How does a 19yr old self employed person open an IRA
Comment from : The One

I have M1 Finance since 7/31/2017, funded my Roth IRA and try to contribute the max every year As of today +13,50217 in gains and 24,33421 in contributions, not too bad I switched all my funds to 1, JEPI Love the monthly dividends and don't have to be stressing over market movements
Comment from : Isidro Fernandez

So all i have to do is put a certain amount of money in the account a month and its gonna grow by itself
Comment from : T “TOODA” MONEY

Being 27, this was super helpful Thank you Jarrad!
Comment from : KidNichols22

If you retire tomorrow, they are saying you need $17 million Imagine what that will be in a few decades Probably a strong axe, a gun with a bunch of ammo, and a way to stay alive in the post apocalypse world
Comment from : Tom Lastname

Can I do short trade in Roth IRA what would be the penalty
Comment from : E

Your honest opinion would help me out should I keep putting in 500 a month or just put 6500 in every year in April are there any pros or cons thanks again
Comment from : Tactical Bro

Can anyone simply explain what MAGI is and why there is an income limit to Roth IRAs?
Comment from : Michael Slavin

Do we have to be a US citizen to open a roth ira account
Comment from : Vivek Rugbeer

If your under the income limit for a Roth IRA can you still contribute $6500 to each Roth and Traditional to do a rollover so you can essentially contribute $13,000 Roth per year? My work offers Roth 401k but the investments options aren’t great so looking for an alternative
Comment from : Redic

I can only do $500 per month, but let’s seeI’m almost close to finish my car payment this julyI will start putting money on my Roth IRA
Comment from : Ron’sGamingAdventure

@ 62 Am I to old to consider a Roth ?
Comment from : Francois Arbour

I'm a New Fidelity IRA user, and I'll most likely be switching to M1 or robinhood Fidelity's interface is trash, seems like it takes 10 minutes and a few YouTube videos just to figure out how to navigate the website😂 Also there are auto buys ONLY for Fidelity Mutual funds The biggest reason I picked an established platform is because of customer support and insurance reasons, but most of these newer online brokerages have the same insurance coveragesbrWhat's better, M1,Robinhood, or Traditional Company? Leave a comment!
Comment from : Jeremy Brisolara

What is the logic making it so that I am not permitted to contribute to a Roth IRA? I make over the arbitrary limit Shouldn’t the government want me to pay my high taxes before investing in an IRA?
Comment from : Cupcake or Death

I have a Roth IRA but only $400ish goes in per month
Comment from : Ninja SneakyToes

If I am older than 595 is the good idea to open Roth IRA ??
Comment from : N s

I want to share this video with a Roth IRA Hesitant friend But at 11 minutes it's too long for him And prolly too long for anyone just getting in to Roth IRA That demographic wants the super organized 3 minute video There's alot of subconscious emotion involved for people who are starting on $0 For them, starting on $0 feels worse than never opening IRA at all
Comment from : 🇷🇺Andrei

My Roth made 43 one year with Trump in office
Comment from : Caleb Clark

Fidelity’s app is definitely better and does everything that he’s saying the M1 interface does
Comment from : Ellie Swanson

No one ever mentions my choice of IRA, Marcus by Goldman Sachs What’s up with that?
Comment from : Jesse Nava

yesss the old school reference hahahaha
Comment from : 6 henny

I am getting serious Bradley Cooper vibes here
Comment from : Nathaniel

Should I just start a Traditional IRA if I know I will make the threshold in about 2 years?
Comment from : Dolphin King

Modified, adjusted, and gross, are all the same thing right? 🤣
Comment from : Drake King

Is there a minimum you have to contribute every month? And do you have to contribute every month?
Comment from : 305 Coke

You gonna pay for my eggs diapers utilities etc lol
Comment from : Kevin Rogers’s

I swing trade in mine a lot cause there’s no fines
Comment from : William Read

How is vanguard ROTH? And do you recommend only focusing on ETFs or mixing in aggressive stock?
Comment from : jCurrran

can I max out my works 401k and max out a roth ira? or is $6500 the combined max?
Comment from : tiger509 leXou

M1 roth ira vs robinhood roth ira?
Comment from : tiger509 leXou

Very informative and helpful!
Comment from : BooNews

Funny thing is I have exactly 542 in my old roth
Comment from : Jamison Fitzgerald II

When do u pay taxes on it going in?
Comment from : Joey Buehler

What happens if you die before 59
Comment from : fadel fun&games

Roth IRA isn't that great After five years done okay not great They keep upping the max The recession is getting worse Seems like a money grab If your cool with ignoring time value, think you might make it way past 65, and ignore the recession Go For It! Right now wait and jump into a high yield online savings account The helium voice is hilarious 🤣 😆 😂 love it!
Comment from : Andy L

Thanks Jarrad I’m going to make one today
Comment from : Wiper

VOO pays out 1 dividends every quarter, just reinvest the dividends
Comment from : Gabriel Espinoza

Thank you for all of your very thoughtful and informative content! I want to add that Fidelity also has an automatic contribution and investment feature so your contributions can be directed to mutual funds (not ETF or stocks) based on your predetermine
Comment from : Chris Moses

DINKS with decent income in california get absolutely trashed in this game228k combined AGI per year is pretty normal; and with 401k limits are only 22k per person; you either have to do a back door Roth or just invest on your ownMo Money Mo Problems
Comment from : Timspeed

I have a Roth IRA and ive maxed it out every year Its the secret to getting rich and retiring I cant believe more people dont use it I have met so many colleagues who have never heard of a Roth or dont have a retirement account
Comment from : Delta-P

so i contribute to my employer's 401k with a split between traditional and roth, aside from it going through my employer is there any real difference between a roth 401k and roth IRA? i dont contribute to an IRA outside of my 401K, but i did start throwing a little into a dividends portfolio that i created myself which i have bumped up to about $300/month contribution pretty modest contribution but i am hoping since it is strictly dividends focused that hopefully it will start to snowball a bit quicker, i am 37 yo so trying to get as much invested as i can right now
Comment from : slugger82685

How to do this in the current economy for the average lower class American making less than 40k a year with prices soaring for everything and rent and or a mortgage? Starting at age 40
Comment from : MiGrowB

My wife has an old 401k and 403b from a previous employer, about 9k in total We need to roll it over but would like to put the money into a Roth IRAcan I do that but just expect to pay the taxes on it for converting? Would that be my tax bracket percentage times the 9k to figure out? Sorry learning all this stuff as fast as I can
Comment from : TaserX

Is it worth it at all to consider switching IRA providers? I started with Fidelity just recently but their automatic investing is pretty abysmal
Comment from : Connor Dougherty

How does one earmark a contribution to be for the previous calendar year (prior to tax filing deadline) as opposed to being for the current year? For my SEP IRA, I contributed throughout 2022 but I want to make sure to maximize that contribution once I know exactly what the max for me was (I do not make enough for the global allowed max to apply) It is now 2023 and I was thinking of, as in 2022, contributing to it on an ongoing basis for 2023 as I earn applicable money But distinguishing between "this contribution was made in 2023 for 2022" and "this contribution was made in 2023 for 2023" is challenging because I do not know how to tell the government which contribution is which (The paperwork and organization demanded of me is a different matter which I also would need to address)
Comment from : Curtis Franks

Hey
Comment from : Robert Vance

I just opened a ROTH IRA Do I contribute to FSKAX FTIHX ans FXNAX?
Comment from : Richard Perez

Hello! Great video! So I have a question How are dividends handled within a Roth IRA? Is it counted towards the $6500 contributions amount when it is automatically reinvested or the investment growth? Thanks!
Comment from : Carlos Michel Ramirez

Only 18 of working age adults have a Roth IRA?!
Comment from : Alex Edwards

Except, what happens if we only get $500/month?
Comment from : Halfslack

You need to slow down buddy give your intro Who are you why should I listen to you?
Comment from : Moses Carrillo

1 million will not be anywhere close enough to retire in 37 years Save accordingly
Comment from : chris dube

Fidelity has robo investors that do it for you
Comment from : Sean Piacente

Definitely reaching with these numbers not attainable for the average person
Comment from : Yg Bodybuilder

i have a roth IRA but heard grant cardone saying having a roth IRA is just leading to wall st just taking the money or something like that is that true? also would you recommend investing into S&P 500?
Comment from : Blitz

What would you recommend if we are a couple with two IRAs? Should we avoid overlapping?
Comment from : Rony Balagula

I just starting creating an account with fidelity and the way you explain the difference of those 4 brokerage n which one to invest in and what not Question Can I invest or create Roth IRA account with 2 brokerage account ? Lmk! Please I’m still new n willingly to learn more Thanks
Comment from : Stewy Olomaalii

Do you believe you can have too much retirement? I was my wife and I were contributing 10 each to our own 401k plus we have a few IRAs But based on 7 return and retiring at 65 between the two of us we'd have 10 million I feel like that's too much so I'm looking for ways to keep more money now but not have to pay high taxes I make $200k and my wife is $70k both W2 employees It seems like just HSA or investment accounts
Comment from : Kevin Magnusson

Etrade and Fidelity have great Roth IRAs
Comment from : April Bebee

Do some people like to invest into some solid higher paying dividend stocks in there Roth to help fund the growth of the stocks they have in there Let’s say put 2k into jepi which pays normally 8-12 dividen and don’t turn on drip but allow the money to be invested into vanguard etfs which are in the account
Comment from : Levi Hayes

That support Molly was genius😁Helll yea we wanna support Molly! 😂
Comment from : Trophy Trades

Successfratelo
Comment from : SANDOR VARGA

What if you retire at 55? It sucks you can withdraw without penalty at a younger age
Comment from : Bret Feeney

What happens to the extra 4 dollars at the end of the year that's over the contribution limit?
Comment from : Aaron Taylor

Love your videos Jarrad! Any chance you could do one on coverdell education savings accounts (ESA)? Eligibility limits, what happens if you over-contribute, how to leverage the funds for ed expenses, tax implications if unqualified withdrawal etc…keep it up!!
Comment from : Faycal Barbir

Possible to convert Regular IRA to Roth IRA via conversions?
Comment from : Relax Mind

What do you think would be better for a 21 year old IUL or Roth IRA I’m looking to retire early if that helps in anyway
Comment from : The dont vines dont end

Decent info but the tittle was pretty misleading…
Comment from : Rico Romano - Inspirada Life

very helpful !
Comment from : zachh

Can you invest in two Roths? One for me and one for my wife if she is a stay at home mom?
Comment from : Eric

My Roth lost 20 this year 😢
Comment from : Eric

I dont have the type of job that would EVER give a 401k (I'm a waiter/bartender in high end restaurants) but I make close to a quarter million a year, I know a few chain restaurants have IRAs and paid time off and stuff but I probably would make way less working at one of those so I either have to switch careers, which I wouldn't wanna do unless i found something to be an entrepreneur with on a huge level or maybe go into finance but being in my late 20s I'm probably a bit late to start working towards that type of certifications and stuff while still paying bills, or just use an IRA I use Betterment and contribute I believe $130 a week But I can't have 2 right?
Comment from : Medium D Speaks

How about the Roth 401k ? The annual contribution limit is way higher and able to grow it to a million a heck of a lot faster
Comment from : phester68

Great Information!!
Comment from : david brooks

Hey, Jarrad! Great video! Question about your statement about taxes on back door roths at 3:33 If I’ve opened the Traditional IRA with already taxed dollars, do not invest, and convert immediately, is there ADDITIONAL tax I’d be on the hook for?brbrThanks for all the fantastic content!
Comment from : Robert Ricker

Congrats on 100K! 🥳 Yay for Roth IRA’s!
Comment from : NeelraStardust

Great video and information again!
Comment from : Crusader06

I put 7 of my income into the Roth 401k and maxed out the Roth IRA the last 3 years! Buy and hold 💴
Comment from : Bill Ervin

Whoo hoo! 100k subbies!
Comment from : Feed Your Inner Chef

Heeeyy Jarrad! This is one the best explanations for a Roth IRA I NEED TO EXECUTE! TY for the playlist!
Comment from : Feed Your Inner Chef

There is a wrong information Backdoor roth can only be done within the calendar year
Comment from : Malay Basu

Can I contribute to my Roth and HSA for 2022 IN 2023 AFTER I filed taxes for 2022?
Comment from : Matt Rud

Thank you great video tons of info will be rewatching this again I'm sure we can make more than 7 with leveraged etfs but always safe to assume small returns Can you please do a video on how we can pay as little taxes as we can on our investments also a video talking about infinite banking? Maybe you already have them idk Thank you for your time Ps funny seeing Molly giving you dabs 🤣
Comment from : Michael Andujar