Roth IRAs are a great way to invest with tax-free growth, but with a tax benefit this good, there are definitely some pitfalls to watch out for. In this video I break down 15 of the worst IRA mistakes I've seen as a CPA. Whether it's contributing too much to a Roth or not understanding the backdoor Roth IRA rules correctly (including the pro-rata rule), you definitely want to avoid these Roth IRA blunders to maximize your retirement investing. Other Videos Mentioned: - Traditional vs. Roth IRAs: - How to Open Up a Backdoor Roth IRA With Vanguard: - The Allec Family Vlog: Programs (Use Coupon Code YOUTUBE for 50% Off!): 🎓 Prosper: Free Downloads: 💸 75 Ways to Save an Extra $100 This Month: 🤑 15 Referral Programs That Make Me Over $20,000 a Month: Table of Contents: 0:00 Roth IRA Warnings 1:37 #1 Not Exploring Other Investment Options 5:00 #2 Contributing to a Roth IRA Without Earned Income 6:33 #3 Contributing to a Roth IRA With Too Much Income 8:38 #4
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)