In this video, I'm going to explore the Roth IRA and its benefits. I'll also discuss how much you need to invest in a Roth IRA by age to get to a million dollars in retirement. I'll answer some common questions about Roth IRAs, how to get around the income limit and how to open a backdoor Roth IRA. So whether you're considering a Roth IRA or just want to know more about it, this video is for you! I'll cover everything you need to know about the Roth IRA in a clear and concise way. Thanks for watching! 2022 Roth contribution limits: 2023 Roth contribution limits: Qualified distributions: Budgeting Template: Investment Plan Template: Book Recommendations: I will teach you to be rich (Perfect for beginners) The Little Book on Common Sense Investing (Great book on index funds) The Bogleheads’ Guide to Investing (Goes into the basics of investing) Work Optional: Retire Early the Non-Penny-Pinching Way (Great guide to retiring early) Who Mov
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 :)