Timothy Sumer

Have you considered opening a Roth IRA to save for your retirement? These accounts are powerful and well worth using to become a "tax free millionaire". In this video I look at 6 ways to max out your Roth IRA: 💵 setting up a monthly contribution (automate it!) 💵 doing a Roth IRA challenge (weekly or biweekly) 💵 adding small amounts over the year consistently 💵 contribute big chunks like tax refunds. or bonuses 💵 get an extra job for more income to invest Obviously all of these won't work for everyone so use the method that allows you to max out your Roth IRA! WATCH NEXT: ★ You Need To Know This BEFORE Opening A Roth IRA: ★ Roth IRA Explained: ★ Three Best Place To Open A Roth IRA: Roth IRA rules found here: ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ RECOMMENDED*: ⭐️ M1 Finance (Investing app) ➝ ⭐️ Rakuten (Cash back app) ➝ ⭐️ Fetch Rewards (Receipt scans app, $2 refer...

Maxed Out Your ROTH IRA | What's Next? Congrats!!! You maxed out your Roth IRA, what's next? In this video I go over 3 possible avenues to go down after you max our your Roth IRA! Maxing out your Roth IRA is a huge step since it is tax free money once you reach 59.5 (if you withdrawal before 59.5, there is a penalty). Maxing out your Roth IRA, in my opinion, is a huge thing to do! Let's take a look at the possible avenues: First off, before I mention the avenues, here is a hint: After you max out your Roth IRA, use the remainder of the months in the year to get a head start on the following years Roth IRA. For example, if you max out the Roth in August. You could save a couple hundred dollars each month for the remainder of the current year so in the following year, you will have a head start! Avenue #1: Contribute more to another retirement account If you are not wanting to touch the money until you reach 59.5, this avenue shoots to contribute more to anoth...