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4 Mistakes People Make With Roth IRAs | Jazz After Dark


Today we're going over a few different mistakes that we see people make with Roth IRAs! Before we get to the topic, we now have a show sponsor! We are proud to partner with Flaviar! If you've been following us for a while, you know we've been big fans of Flaviar since we found them. Flaviar link to support Jazz Wealth: *** **** Use promo code Jazz5 to save 5%. Sure, it's not $10 off but TECHNICALLY that could be worth more than $10. As always, we appreciate your support! "Flaviar is a completely personalized online Spirit subscription service that lets people try premium Spirits from the comfort of their homes. We’re a band of Spirits enthusiasts, inspired by culture, rich history, and the art of distillation. We forage the World of Spirits for the finest, rarest, and most unique expressions out there and pack it all into a 21st-century Members Club. We’re on a mission to help you taste new things more often by: ● Helping you discover new favorites without breaking the bank with our Tasting Boxes containing 3 premium Spirit samples; ● Giving you access to a wide range of premium bottles, exclusive releases, and Members-only Spirits; ● Teaching you about the differences and nuances in flavor, the history, and the lingo with the help of industry insiders and Spirits pros; ● Giving you means to bond and hang out with a passionate community at live and online events. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money." Intro: 0:00 - 0:18 Show Sponor?! & Review 0:18 - 3:20 New Slogan? 3:21 - 4:05 Mistakes Made 4:06 - 14:00 #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com...(read more)



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Roth IRAs are an excellent way to save for retirement and can provide tax-free income in the future. Unfortunately, many people make mistakes when it comes to managing their Roth IRA accounts. Here are four common mistakes to avoid when it comes to Roth IRAs. 1. Not Contributing Enough: One of the biggest mistakes people make with Roth IRAs is not contributing enough. The maximum annual contribution is $6,000, and many people don’t take full advantage of this. Even if you can only contribute a small amount each year, it’s important to contribute as much as you can to maximize the potential growth of your Roth IRA. 2. Not Taking Advantage of Catch-up Contributions: If you’re over 50, you can take advantage of catch-up contributions, which allow you to contribute an additional $1,000 to your Roth IRA each year. This can help you save for retirement more quickly and efficiently. 3. Not Diversifying: Another mistake people make with Roth IRAs is not diversifying their investments. It’s important to spread your investments across different asset classes, such as stocks, bonds, and cash, to reduce risk and maximize returns. 4. Not Taking Required Minimum Distributions: When you turn 70 ½, you’re required to start taking required minimum distributions (RMDs) from your Roth IRA. If you don’t take these RMDs, you’ll be subject to a 50% penalty on the amount you should have withdrawn. Managing a Roth IRA can be complicated, but it’s an important part of planning for retirement. By avoiding these four common mistakes, you can ensure that your Roth IRA is working for you and helping you to achieve your retirement goals. https://inflationprotection.org/4-mistakes-people-make-with-roth-iras-jazz-after-dark/?feed_id=69070&_unique_id=63e4d2c7ee8b1 #Inflation #Retirement #GoldIRA #Wealth #Investing #financialadvice #financialadvisor #financialeducation #financialplanner #FinancialPlanning #financialplanning2023 #financialplanningfor20s #howtoinvest #investing101 #investingforbeginners #personalfinance #personalfinance101 #personalfinancetips #Retirement #retirementinvesting #retirementplanning #retirementplanningat35 #ROTH401k #RothIRA #rothiraexplained #rothirainvesting #rothiravs401k #WealthManager #wealthplanning #BackdoorRothIRA #financialadvice #financialadvisor #financialeducation #financialplanner #FinancialPlanning #financialplanning2023 #financialplanningfor20s #howtoinvest #investing101 #investingforbeginners #personalfinance #personalfinance101 #personalfinancetips #Retirement #retirementinvesting #retirementplanning #retirementplanningat35 #ROTH401k #RothIRA #rothiraexplained #rothirainvesting #rothiravs401k #WealthManager #wealthplanning

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