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Showing posts with the label RothIRAMistakes

Top 5 Mistakes to Avoid When Using a Roth IRA

The Roth IRA and the use of tax diversification can provide a tremendous lift to your financial success and retirement. To use the Roth IRA effectively, we will help you avoid the five biggest mistakes people make with their Roth IRA in this episode of Wise Money. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affilia...

rewrite this title TSP to Roth IRA Rollover Strategy Explained | Thrift Savings Plan

Did you recently quit your federal government job, separate, or retire from the military? Here are the steps to roll your Thrift Savings Plan (TSP) over to a Roth IRA. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to S...

rewrite this title TSP to Roth IRA Rollover | 5 Things You Need to Know Before TSP Rollover

Did you recently quit your federal government job, separate, or retire from the military? Here are the steps to roll your Thrift Savings Plan (TSP) over to a Roth IRA. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to S...

AVOID THESE 9 Costly Roth IRA Mistakes That Can Drain Your Finances

Roth IRAs are amazing for investing for retirement, but many people make mistakes with these accounts. In this video I cover the most common Roth IRA mistakes I've seen. I recommend these companies for opening a Roth IRA: ➝ M1 Finance: ➝ Vanguard: ➝ Fidelity: Mistakes to avoid: 1. Not using a Roth IRA because you already have a 401k. 2. Not actually investing the money. 3. Not maxing out your account for the year. 4. Not contributing for both people if you are married. 5. Taking too much risk with investments. 6. Not considering your tax brackets. 7. Breaking the rules on contributions. 8. Investing before you paid off high interest debt like credit cards. 9. Not keeping your beneficiaries updated. Want more Roth IRA info? Watch more of my Roth IRA 101 videos: Roth IRA rules found here: Roth Savings Challenge plans for weekly and biweekly contributions: Want to say thank you? 🔹 Buy Me A Coffee: 🔹 Venm...

Don't Make This Roth IRA Mistake if You Get a Pay Raise

If you are funding a Roth IRA automatically on a monthly basis, you will want to watch out for this mistake that could cost you greatly. Be aware of the Roth IRA income limits. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at LINKS: Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification d...