Timothy Sumer

5 Roth Ira Advantages Explained! Roth IRA explained Support my work on Patreon: Join WEBULL, deposit $100, and receive FREE STOCKS worth up to $3700 using this link: 1. You get tax-free income in retirement. 2. A Roth IRA is pretty flexible 3. You can contribute to a Roth IRA after age 72. 4. High earners have a way to benefit too with the Backdoor Roth IRA. 5. For a lot of folks the Roth really will be best long-term investment option. For people who are looking for relief tax relief today, making a contribution to a traditional IRA offers a tax deduction that you won’t get with Roth contributions. If your tax burden is very high today and you expect it to be lower after you retire, then you want to use a regular IRA or 401(k). But just looking at a tax break today sometimes leaves many of the valuable benefits of the Roth on the table. If you are eligible to make a contribution, the Roth IRA over time is going to deliver a greater benefit than a traditional IRA for

Roth IRA – Explained Today's video covers all the most frequently asked questions on Roth IRAs. SUBSCRIBE to NOT being a transaction ever again... Like us on Facebook! Follow us on Twitter! What is a Roth IRA? A Roth IRA is an individual retirement account in which money grows tax-free. How does a Roth IRA work? A Roth IRA is funded with after-tax money. Your money can grow here depending on the investments chosen, then your withdrawals in retirement are tax-free. Why do I need or even want a Roth IRA? To us, opening and funding a Roth IRA may be one of the best moves someone can make financially. Look at these advantages of owning a Roth IRA… Some of the Advantages of a Roth IRA: Tax-free distributions – This is the #1 benefit of a Roth IRA. You funded this account with after-tax money, and in retirement your proceeds will be yours, free and clear of taxes. The key is to hold the account for 5 years or longer and be above the age of 59 ½. No Required Minimum Dist