You Need To Know This BEFORE Opening A Roth IRA

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Information You Need To Know This BEFORE Opening A Roth IRA

Title	:	You Need To Know This BEFORE Opening A Roth IRA
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Views	:	103 rb

Worth mentioning that it's best to contribute the full amount the first 3 to 4 months out the year, since the most valuable thing is time in the market So if you can, max out your ROTH beginning of the year
Comment from : Daniel Alejandro

Didn't realize it's possible to spend 8 minutes talking about ROTH IRA and not say a SINGLE specific thing about it, and as a bonus fail to address the title of the video Ahha😱
Comment from : Иностранный Агент

What if u don’t make that much money now but make that in the future are you able to get the money still when u turn 59 1/2 and just not put any more money in the account
Comment from : Vs1Jay

I'm in my late 50s I'm leaving my Walmart job for a factory job How do I put some of my 401K into a NEW and first time ever ROTH IRA? I want to use my new company's 401K plan BUT I want to put 12,000 into my ROTH Any thoughts?
Comment from : Ian Scianablo

Big ups to everyone working effortlessly trying to earn a living while building wealth I’m 62 and my husband 65 we are both retired with over $3 million in net worth and no debts Currently living smart and frugal with our money Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income
Comment from : Stephanie Fythm

Any recommendations for someone in their 20s living paycheck to paycheck?
Comment from : Antidote

very educational, digestible, and loved the little visuals and editing thank you!
Comment from : Kirsten Nash

Wow this best video for learning Roth IRAs br, this lady explains it so well better than others
Comment from : nick nick

I would like to open my first Roth IRA with Fidelity I know nothing about investing Do I need a financial advisor to manage that account?
Comment from : Ashley S

My original retirement plan was to retire at 62, work part-time, and save money However, high prices for everything have severely affected my plan I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before
Comment from : Tom Nolan

Awesome content Just subscribed You mentioned you had a video of your personal roth ira Do you the link or what's the title of the video?
Comment from : Danny G

With Roth IRA, the money you are contributing has already been taxed At any time for any reason, you can withdraw your contributions tax-free and penalty-free Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio
Comment from : Hillary Powell

With Roth IRA, the money you are contributing has already been taxed At any time for any reason, you can withdraw your contributions tax-free and penalty-free Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio
Comment from : Sammy Phones

When do you pay taxes on the Roth Upfront or at tax time?
Comment from : R M

I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet
Comment from : Muller Andre

Thanks for explaining
Comment from : vivian landrum

Can I transfer my strong stocks into my Roth IRA, without having to pay taxes on those stocks?
Comment from : ilc1234

No real information just talking about obvious things 😅
Comment from : E

Can I use stock capital gains from stocks to fund my Roth IRA account or from a regular job??? brbrbrbrFor example, a single person making $40k on a regular job annually and $200k gains on stocks, for short term capital gains, may still qualified to contribute to a Roth IRA correct???
Comment from : Stranger Granger

you said a lot but never any thing
Comment from : Sam Wilson

So you can contribute ANY amount every year as long as it doesn’t go past the limit? There’s no rule on how much to contribute each year ?
Comment from : Martin Sarkis

Hello, I’m new to this and understanding Roth IRA Do I set a goal for how much I want to put in my account each month ? Do I have to hit the $6,000 landmark for 2023?
Comment from : Viviana Perez

So, what does after tax money for a Self Employed person? If a Self employed doesn't receive a check from an employer how do you prove that you already paid taxes on it?
Comment from : Marco Vendrame

Can you change where it gets invested over time?
Comment from : Mike

Are you purposely saying “Roth RA” instead of Roth IRA?
Comment from : Phony Montana

Her brother watching this 😡🤬
Comment from : LA Javi

I've seen terrible reviews for Fidelity and vanguard are you sure?
Comment from : Calypso Rose

How high can the yearly max amount get to? Let’s say 10 years from now it could possibly be 8000 a year?? 😩
Comment from : jacob willis

Girl this video is so vague You should have titled it "Research a ROTH IRA I won't tell you shit" SMH a waste of a damn view
Comment from : Trakelia Jimerson

What if you can only contributes $3000 every fiscal year?
Comment from : IBBC of Washington

Can i open one for each on of my 3 girls are is the limit just one
Comment from : mommy and me

Just to be clear Does the year marker for Roth IRA starts in april? brbrBeing that it is 4/7/23–would it be too late to create a Roth IRA and do the full contributions (6k) for 2022 ?brbrAppreciate any insight Thank you!
Comment from : Maedot Ohaneson

Good video, but there's no mention to discuss with a professional which can further enhance a person's options
Comment from : Striker 50

If you are a sole proprietor LLC owner do I have to open a ROTH IRA under my LLC or can I open it with my personal checking account if I'd like?
Comment from : empire success

How to raise a six figure capital fast for any business to aid a good retirement portfolio
Comment from : saleem

When opening a Roth, could dividend or interest income be considered earned income when contributing to a roth?
Comment from : Colin Simpier

Im 18 trying to get some sort of retirement fund I’m working a regular 9-5 at 16n hour what should I get started with ? I want to invest in some long term stuff aswell
Comment from : Flores5150

Does a ria help u when u file ur taxes each year if u owe taxes ?
Comment from : Gabriel

I'm 22, I make good amount for my age and I just graduated college and got a job as as electrical engineer, I contributed up until my company stops matching to my 401k, they offer a Roth 401k I expect my income to go way up as I'm older , not sure if I should invest into a Roth 401k or a Roth IRA New to this Thank you Any help will be appreciated
Comment from : Andres Perez

If you are over 50, you can invest up to 7 k per year
Comment from : suespony

Good job!
Comment from : World Trotter Here and Beyond

Simply because it's fair
Comment from : Cath Enido

🔥🔥
Comment from : Peter James

Best brokers to open a Roth IRA:br- Vanguard Old, but trustworthy Also, customers are part ownersbr- Fidelity The lowest costing index mutual funds for an IRA, and fractional shares for all ETFs and stocks Easy for the middle class that doesn't travelbr- Charles Schwab Great for travelers, long term investors, and infrequent option traders A person can buy fractional shares of S&P stocks toobr- E*Trade Great for long term investors, cash savings, and frequent option traders A person can buy fractional shares of the top 100 ETFs too
Comment from : Mr Berry

If you max out a Roth and a 401, come retirement could you use the Roth to pay the 401 taxes?
Comment from : Joshua Montgomery

Ma’am how May I find the match the Roth RIA are contributing?
Comment from : Javier Gonzales

My son worked during summer of last year 2022 He is planning on opening a Roth IRA for tax year 2022 before April 18th 2023 The question I have is what is the maximum he can contribute? brHis W2 from one job is $600 on line 1 wages ,tips and compensation His wages from another job W2 line 1 is $47430 brSo is the maximum he can contribute : $1074( 600+474)?
Comment from : e stanton

Great video; however, I want to add a note You need to have job to contribute to the Roth Ira account
Comment from : SHERI D

I just started a roth IRA on Acorns Is this a good idea?
Comment from : Richard Summers

What if your contributions are already invested? Can you sell your investments and withdraw only the amount of money you contributed without being taxed or penalized?
Comment from : Jonathan 65432

Do you need to report ROTH IRA in tax return? I read that some says no But I also read that if you don't, IRS will tax the money when you withdraw after retirement So I am confused
Comment from : Grayson Voisinet

My wife has a ROTH IRA Our joint income is 250k a year Is the 6500 the limit for both of us? Or can I open my own account and how much will be the limit?
Comment from : Free Acc

Thanks for this simple little beginners tips I’m doing heavy research before I make concrete decisions
Comment from : Manny Vee

What is the average return versus inflation? Is it basically a good hedge against inflation or a real money grower if inflation is taken into account? I realize the normal inflation rate isn’t 8 or whatever it has been recently
Comment from : Fenix

Thanks for the video! brSo what happens if you don’t cap your Roth IRA?
Comment from : len jimenez

straight to it, thank you
Comment from : B

Is taking money from my regular savings considered post tax money or do they take additional taxes out when I open a Roth IRA?
Comment from : E

Is money made through dividends also tax free?
Comment from : Neonajarin

Am I allowed to contribute in Roth IRA towards 2022 limits if I am open it now in Jan2023? Thanks
Comment from : Kishore K

I'm 27 and forgot how to start retiring🥲 Good thing I remembered with this video
Comment from : pug chench

Can canadian citizens open a roth ira account ?brIf we put money in one can we make any interest off of it ?
Comment from : Josh Chelvolski

I’m 18, I put money in voog is that good? I don’t have enough money to max out my 6k, but is it worth it to even put 500$ in?
Comment from : Jackson Wilhelm

I don't have a consistent job and I was hoping to open a roth IRA, is this a good decision?
Comment from : Sele Gonzalez

The little grim reaper that came on the screen when you were discussing beneficiaries 😂The tiktoks I've watched of a Roth account balance never getting invested and just piling up in the connected money market account HAUNT me!
Comment from : Debt Free Jessie

Well this was interesting, very informative But, brought up a few questions I was really baffled when you mentioned, we contribute after taxes, so I assume that a Roth IRA cannot garnish your check automatically and take it's percentage I guess you have to manually transfer from your paycheck to the Roth IRA
Comment from : SamjrMusic

I’ve been doing well w/my Roth I didn’t hit the $6000 maybe I could since it goes to April Great video everyone needs to know how retirement in general works 😊
Comment from : Cat Godfrey