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
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 :)