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INVESTING FOR THE FUTURE | ROTH IRA TIPS


Everything you need to know about the ROTH IRA. What you need to know about ROTH IRA. What you need to know about ROTH IRA investing. Through this video, I wanted to share very important “know how” and ROTH IRA investing tips, based on my personal experiences and ROTH IRA investing mistakes. Some of the investing principles mentioned in this video also apply to regular IRA (individual retirement account) investments. Roth IRA Basics: 1. With a Roth IRA, you contribute POST TAX MONEY, i.e., money that’s left over after you’ve already paid taxes on it. 2. All of the profit generated in this account is tax free after the age of 59.5. That could save you a LOT of money by the time you retire, especially if you begin investing early on. 3. You can withdraw whatever money you contribute to this account, at any time, tax free, without paying any penalties. 4. However, if you want to withdraw your PROFIT from this account before the age of 59.5, that will be subject to a 10% penalty AND you’ll have to pay normal taxes on that profit on top of it. 5. The contribution limit for a Roth IRA is capped at $6,000 ($7,000 if you're age 50 or older), so even if you want to contribute more than this, you can’t. INVESTING FOR THE FUTURE | ROTH IRA TIPS. investing for retirement. become a tax-free millionaire....(read more)


LEARN MORE ABOUT: IRA Accounts
INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
REVEALED: Best Gold Backed IRA
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