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Showing posts with the label whytoinvest

"Episode 1: Reaching the Limit of My ROTH IRA"

In this series I will be maxing out my ROTH IRA and taking everyone on a walk through of my journey. Brokerage: Charles Schwab... ( 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 a young professional, planning for retirement may seem like a far-off task. However, it's never too early to start thinking about it. In fact, one of the best ways to prepare for retirement is by opening a Roth IRA. A Roth IRA is an individual retirement account that allows you to make after-tax contributions, which then grow tax-free. This means that when you retire and start taking money out, you don't have to worry about paying taxes on it. And the earlier you start contributing, the longer your money has to grow. I recently decided to start maxing out my Roth IRA, which means contributing the maximum amount allowed by the IRS every year. For 2