What is a Roth IRA? In this video I will explain what a Roth IRA is and some of the investing strategies to use in this tax free individual retirement account . I will also explain how with just $10/day you can become a millionaire. - Roth IRA's are an important part of becoming financially free and rich in the future. The younger you start the better off you will be in the future due to a rule called compound interest. Many teenagers and people in Gen Z have no idea this account exists so hopefully this video spreads awareness. - This account allows you to put in a maximum contribution of $6000 a year and after the age of 59&1/2 you can withdraw the money tax free. What should you buy in your Roth IRA? I would buy all index funds such as the S&P 500 (VOO), and total stock market index funds such as VTSAX. These are vanguard funds but Fidelity, Charles Schwab and ALLY bank offer similar funds. - I hope you got some value out of this video and if you want to lea...
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 :)