4 Million Reasons You Need a Roth IRA

by | Nov 21, 2022 | Roth IRA | 21 comments




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21 Comments

  1. J Q

    Set up you ROTH before the federal government eliminates new ones from being set up.

  2. Al Rocky

    @ 12:17 Excel spreadsheet numbers are completely inaccurate! $6,000 yearly Roth IRA contribution means from age 18 to 27, (10 years * $6,000=) $60,000 was added to Roth IRA but row at age 27 "Roth balance" only shows $32,392. What the heck happened to the other Twenty Seven Thousand Six Hundred Dollars?

  3. Rajkumar Sevak

    Kerry, a good video. However, in your Excel spreadsheet, you didn't calculate the yearly "Roth balance" correctly – you missed to add the yearly $6000 contribution to the balance. Also, it would be relevant to consider $7000 contribution after 50 years of age. Hope this helps.

  4. O O

    Can someone tell this lovely Gentleman that on Roth IRA from age 50 and up you can contribute 7000$ a year not 6000$ ???

    A. I think highly of you but kinda disappointed you have no idea about the 7000$ from age 50
    B. You need to adjust all your numbers.

  5. Sam Steinberg

    Great video. I wish I had known this earlier. Thanks!

  6. loveandjoy810

    I have a Roth 401(k) and a 401(k). I started a Roth IRA for my 16 year old since she got her first job. I let her keep her paycheck for now and I fund her Roth while she saves for college. I’m proud of her. She’s saved $6,000 from her first job for her living expenses

  7. Yellow Stone

    The next 10-20 years will be the lost decades. You won't make 13 percent.

  8. Michael Kira

    4th year investing my Roth started April 2020 I was able to max out 2019 due to Covid which extended the tax period up 8k and still have 5400 to max out for 2022

  9. de_originalrudeboi

    The future is faster than you think is a great book. I recommend the audio book

  10. Alejandro Jacobo

    21 and just opened my roth ira today. Lucky me you have till the 18th to invest for 2021 so I get an "extra" 6k to deposit

  11. Really Dude

    a roth ira is not a tax deductible deduction to lower your taxes

    but I totally agree taking advantage of a roth ira is a great way to build wealth

  12. S KOMANDURI

    You need earned income to do IRA. Retired people with no earned income, not eligible to set up IRA or roth.

  13. hixsonmatthew7gmailcom

    Very profitable
    Theresa Marie Wenske Official my
    consultant has been consistent for years, you can look up her site and see the testimonies.

  14. Alhussein Ahmed

    What's RIA ? Please .thanks

  15. Homer Reagan

    Excellent video… at my age, I have come to appreciate if I coulda, woulda, shoulda max'd a Roth-IRA, I'd be much further down the wealth accumulation and wealth preservation ROAD! The other would have been to (when and if I had an accumulated or windfall of money) purchase a Lump-Sum Whole-Life Insurance Policy with "Compounding Riders"…a product promoted by Mrs. Yellen of the Be Your Own Bank or BYOB organization. I'm now looking to purchase a policy for my Great GrandDaughter… this opportunity should be explored by reverse-engineering LIFE, LOL!

  16. Fred Barry II

    You can add $7k per annum after age 50!

  17. JUST-IN-CASE 305

    Past the age of 50 the max is $7000 a year

  18. Junior stock investor

    I literally talked to my wife about this before I saw this video!! Awesome video!!

  19. benedit71

    You would not have had the roth option in your twenties, the roth ira option became available in 1998.

  20. bluejackscanada

    Thank Goodness for Kerry and his stock picks.
    We’re Rich with knowledge and Scrilla!
    This channel brings out THE BEST OF US!!!

  21. Luka Skywalker

    Starting to regret my Roth even though I’m up. Can’t touch this shit till I’m 60? Idk if I’ll even make it till then!

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