Timothy Sumer

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% p

What types of Investment Accounts. Here’s What You Should Know. IRA vs Roth IRA, Roth 401-k, HSA. Thank you for watching this video with the Simple Happy Learning channel. Please subscribe to my YouTube channel. Your investment account can be an IRA, 401k, or any brokerage account that hold funds made up of stocks, bonds, and other investments.The right type of investment account will accommodate your savings goals, investing style and account ownership wishes. If you like having options, you’ve got plenty when it comes to investment account types. What’ll it be, an IRA? Taxable account? That’s one of the first questions financial firms ask when you set up an account. This guide to the various types of investment accounts will help you find the best one based on your savings goals, eligibility, and who you want to retain ownership of the account (yourself, you and someone else, or even a minor). #Roth IRA #401k #Investment Accounts... ( read more ) LEARN MORE ABOU