Everything you need to know about the ROTH IRA. What you need to know about ROTH IRA. What you need to know about ROTH IRA investing. Through this video, I wanted to share very important “know how” and ROTH IRA investing tips, based on my personal experiences and ROTH IRA investing mistakes. Some of the investing principles mentioned in this video also apply to regular IRA (individual retirement account ) investments. Roth IRA Basics: 1. With a Roth IRA, you contribute POST TAX MONEY, i.e., money that’s left over after you’ve already paid taxes on it. 2. All of the profit generated in this account is tax free after the age of 59.5. That could save you a LOT of money by the time you retire, especially if you begin investing early on. 3. You can withdraw whatever money you contribute to this account, at any time, tax free, without paying any penalties. 4. However, if you want to withdraw your PROFIT from this account before the age of 59.5, that will be subject to a 10% p
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 :)