Timothy Sumer

How does a Roth IRA work? Today, I'm providing an introduction to the Roth IRA, an amazing type of individual retirement account . Introduced in 1997, the Roth IRA has become a crucial part of retirement planning in the United States. Just about anyone can open and contribute to a Roth IRA. In this video, I'm telling you about how the Roth IRA works and why you should consider opening one yourself. ****************************** The Habit That Changed My Life: My Debt Free Story: ****************************** Subscribe to the Practical Personal Finance Podcast today: Listen to the official Practical Personal Finance playlist on Spotify: Want to have a chat about money? Send me a message on Instagram: www.instagram.com/practical_pf FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitu...

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...