Timothy Sumer

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...

💡 AVOID COSTLY ROTH IRA MISTAKES! 💰 🚫 Don't make these common errors with your Roth IRA that could cost you thousands: 1. Missed Contributions: Maximize your contributions every year. 2. Failing to Invest: Put your Roth IRA contributions to work. 3. Early Withdrawals: Don't touch your contributions; let them grow. 4. Taxable Accounts vs. Roth IRA: Understand the tax advantages. 5. Backdoor Roth IRA: Explore this strategy if you exceed income limits. 6. Multiple Roth IRAs: You can contribute to multiple accounts but stay within the annual limit. 🔒 Secure your financial future by avoiding these pitfalls! Your Roth IRA is a powerful tool for retirement. Like, comment with questions, and subscribe for more financial wisdom! 💪🌟 **I'm not a financial advisor; I create these videos for entertainment. The information provided here is solely for informational purposes and should not be considered a...

A Roth I R A is a special individual retirement account where you pay taxes on money going into your account, and then all future withdrawals are tax free.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA What is a Roth IRA? | SHORTS retirement planning is an essential aspect of financial security, and one of the many options available to individuals is a Roth Individual retirement account (IRA). A Roth IRA is a type of retirement savings account that offers tax advantages for individuals who meet specific eligibility criteria. Unlike a traditional IRA, which offers tax deductions on contributions made to the account, a Roth IRA allows individuals to contribute after-tax funds. This means that withdrawals made during retirement are generally tax-free. These tax advantages make Roth IRAs an attractive option for individuals seeking tax-fre...

Thank you for supporting my channel! In this video, I explain why the Roth IRA is overrated in 2023. A Roth IRA is an individual retirement account . My top credit card picks: The Credit Community (Discord): My socials: Sign up for Rakuten using my link to get $30 for free: Sign up for Webull using my link to get free stocks: Sign up for CardPointers using code ‘markplymale’ to track every category bonus and recurring bank credit from over 4,000 cards! _______________________ Chapters 0:00 Intro 1:04 What is a Roth IRA? 2:15 Human side of things 4:15 Typical Financial Issues 6:56 My Thoughts 7:19 Outro My filming equipment Camera: 24-70mm lens: 16mm lens: Podcast microphones: Shotgun microphones: Lighting: Sponsorship and business inquiries: mark.plymale@gmail.com _______________________ Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which, Mark Plymale, will earn an affiliate commissi...

Smart Money Tactics: Backdoor ROTH IRA Tax Planning For Retirement Hello Community!!! Welcome to Financial And Investment Wisdom. In this video you will learn more about Roth IRA's, Financial Independence and how to apply smart money tactics for Backdoor Roth IRA Contributions. Also, do you want to know how to invest in stocks but don't know where to start? Do you like to learn more about cryptocurrency? Do you think of yourself as someone who's not very money-savvy? If you're just starting out or looking to grow, this channel will help you make more educated decisions about your finances. Please subscribe to our channel: ➡️ ➡️ SUBSCRIBE: Our channel is all about how to be smarter with your money. If you're looking for financial literacy, growth investing, trading, or just want to get better at personal finance - this can be an excellent one for you!! We will educate you on the basics of what financial terms mean and how to get started. You'll ...

In this video we go over ROTH IRA accounts, as well as Back Door Roth IRAs, Mega Back Door Roth IRAs, and Roth 401ks. Hopefully this answers your questions about this amazing investment account that can let you retire AND pay ZERO taxes when investing in it! Thanks for watching! Disclaimers: This video is intended for a broad audience and should not be considered financial advice. I am not a financial advisor and I encourage everyone to work with a professional to help reach their desired financial goals. Do not buy, sell, or apply for financial products (including but not limited to credit cards, loans, etc.) based on the contents of this video or any other content you see made by me. I am not a professional and this video is a combination of my research and opinions. The content may be incorrect, inaccurate, contain errors, subject to interpretation, situational, or not hold up in the long term. Please remember there are risks to investing, including losing all the mo...

Revealing my ENTIRE Schwab Roth IRA 2021 | How to Invest in a Charles Schwab Roth IRA in 2021 In this video, I go over how exactly to invest in a Roth IRA using Charles Schwab as a brokerage in 2021. I also talk about why a Roth IRA is so important because of all of the tax advantages that an account like this offers. I also go in-depth into what you can do to withdraw your money from a Roth IRA, as the rules are slightly different than with an individual brokerage account. Socials! TikTok: Instagram: Twitter: BECOME A CHANNEL MEMBER: :) WeBull 2 FREE Stocks!! How I Grow My YouTube Channel: 📷 My YouTube Equipment 📷 ○ Laptop - ○ Camera - ○ Microphone - ○ Tripod - ○ Studio Lights - ○ LED Lights - Subscriber Milestones! 500 subscribers - June 29, 2020 1,000 subscribers - July 20, 2020 2,500 subscribers - January 16, 2021 10,000 - February 28, 2021 25,000 - ? CONTACT: For business inquires only, please use this email: mclemorepr...

Roth IRA Explained - Everything You Need To Know: Schedule Your FREE Retirement Assessment Today Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: Roth accounts are a powerful investment tool that can benefit some people. Whether it is the Roth IRS, Roth 401k, Back Door Roth, or Roth Conversion, these options should be selected based on everyone's own specific financial situation. With so many different Roth Accounts to choose from and all of them having their own small nuances, join Johnathan and Melissa Rankin as they go over 5 Roth Account types and strategies. Submit questions to the show at Retire@theoremwm.com - Johnathan Rankin CRPC® CEPA®, Founder & CEO, - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management, Financial Advisor Dallas, Texas - Retire Once Show - 2022 Retirement Podcast Series ----------------------- CHAPTERS 0:00 - Introduction 1:48 - What is a Roth Account? 3:37 - Roth Account vs Tra...

🔥Get Total Access To All My Financial Decisions, Option Plays & Private Discord Chat! 👉🏻👉🏻M1 Finance: 🎙AVERAGE MONEY PODCAST: 👇🏻The Books I Recommend 👇🏻The Gear I Use For The Channel And Podcast 👇🏻Cool Things I Have Round The House 👉🏻💥CONNECT WITH ME: 📞Give Me A Call To Talk Money or YouTube: How To Invest In A Roth IRA For Beginners 2023 (Tax Free Millionaire) In this video I will use the vanguard app to invest in my Roth IRA. We will look at my vanguard Roth IRA portfolio and the index fund that is inside of it. Vanguard index funds are a great way to fund your Roth IRA and set yourself on a course to becoming a tax free millionaire. This can be done because the Roth IRA is a tax advantage retirement account that grows tax free over time. It has no RMD's and can ...

Protect your financial identity by signing up with AURA. Take advantage of our sponsors FREE 14-Day trial. What is a Roth IRA? This is a question I get asked a lot and one I enjoy helping others learn about because it can be one of the greatest wealth building tools you will find. Being able to build wealth TAX FREE can be amazing over a long period of time. In this video I discuss: - What a Roth IRA is - What the contribution limits are - What income limits there are - Backdoor Roth IRA option Let me know down in the comments section below whether you own a Roth IRA or not. #moomoo #moomootrading 💰 Win Top Prize $50,000 with moomoo Holiday Magic Sweepstakes＋15 Free Stocks, Open a new account and deposit link: 🔥 JOIN CASHFLOW UNIVERSITY TODAY 📝 The Dividend Investor's Edge Sign up for my weekly newsletter breaking down the news in the markets and focusing on Dividend Stocks 💰 Get 12 FREE STOCKS valued up to $30...

I'm maxing out my Roth IRA for 2023. These are the steps it took to invest in Vanguard. I go over what is a Roth IRA, why I specifically invest with Vanguard, my investment portfolio, and how to navigate the Vanguard interface to set up automatic contributions and a dividend reinvestment plan (DRIP). ▼ ▽ Recommended Credit Card and Investing / Personal Finance apps! ▼ ▽ Instagram: @theseanlei (Go ahead and slide in) I'm Sean, here on the internet to share what I've learned on personal finance and lifestyle. Join the FamiLei and start living a more rewarding, intentional and vibrant life. #RothIRA #Vanguard #investingforbeginners... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA As someone who is planning for retirement, investing in a Roth IRA is a smart move. A Roth IRA is a type of retirement savings account that le...

In this video I share my reasons why I chose Fidelity to manage my Roth IRA, as opposed to other brokerages. If you are interested in starting your own investments, be it stock trading or a long term retirement plan, click here: If you want to see more information on personal finance, investing for beginners, and growing your Roth IRA, hit that subscribe button. Find my book - Fit After the Fall - here: Instagram: Business Mail: Irene Goodman Robertson 6060 Myrtle Avenue P.O. Box 863671 Ridgewood, NY 11385... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As a young investor, choosing where to invest my money can be a daunting task. There are so many options and factors to consider, each with their own pros and cons. However, when it came to managing my Roth IRA, there was no question in my mind about where to turn: Fidelity Investments. T...

A ROTH IRA can be a powerful investment vehicle. But there are a lot of things about a ROTH IRA that few people know. This makes a Roth IRA very interesting compared to a Traditional IRA or a 401k. Check out today's video for more info! What if you make too much money to contribute to a Roth? Do a ROTH Backdoor contribution! Not sure what that is? Comment below and I'll dedicate a video to it with enough interest. #rothira #investingforbeginners #investing STUFF I RECOMMEND!* Investing Apps and Tools: 🐂 Webull App - get up to 12 free fractional stocks, you can invest in a Roth IRA too (limited time) ► 💰 Seeking Alpha - get the best research tools to stay ahead in your stock and ETF research. Receive 50% off on a Premium Membership ► 💰 Track Your Dividends ► Credit Cards & Credit Score: 💳 Apply for an American Express Card with this link. We can both get rewarded if you're approved ► Everybody likes to...

Get ready to be amazed by a surprising fact about Roth IRAs that you probably never knew! In this eye-opening video, we unveil the unique flexibility Roth IRAs offer when it comes to age. We'll reveal how there's no age limit for contributing to a Roth IRA. As long as you have earned income, you can contribute – even if you're 100 years old! This incredible flexibility allows you to continue growing your tax-free wealth, regardless of your age. What do you think about this surprising Roth IRA fact? We want to hear your thoughts! Comment below and let's discuss how this flexibility can impact your retirement planning . In this video, we're going to show you the Roth IRA secret: age is just a number! If you're thinking of starting a Roth IRA but you're worried about whether you're too old, or you just don't know enough about them, then this video is for you. We'll show you how the Roth IRA works and how you can benefit from it regardl...

Roth IRA Investing For Beginners: Here is a COMPLETE guide on how you can become a Tax Free Millionaire using a Roth IRA. This video includes all the information you need to know about a Roth IRA and how EXACTLY you can achieve this goal. ⏰ Timestamps ⏰ 00:00 Intro 01:11 What Is A Roth IRA? 02:44 Rules To Follow 06:32 Where To Open A Roth IRA 07:48 How To Open A Roth IRA 09:05 Building A Portfolio 11:24 Tax Free Millionaire 💻 My Website: 📱 Follow Me Danny's Money talk: Twitter: 📕 Books I Recommend 📕 MONEY Master The Game by Tony Robbins: Macroeconomics by David A. Moss: Rich Dad Poor Dad by Robert T. Kiyosaki: The Intelligent Investor by Benjamin Graham: 🎞 How I Make My Videos 🎞 My Camera: Microphone: Lighting: Money Art: My Music: 📝 What is a Roth IRA? A Roth IRA is an individual retirement account that by U.S. law allows you to invest after tax money for the benefit ...