I am a Roth IRA millionaire! By the time I reach age 59.5, my Roth IRA will be worth nearly $2 million! I also reveal my Vanguard Roth IRA and reveal the holdings in my Roth IRA! Don’t worry, I prove how I will become a Roth IRA millionaire!
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First off, what is a Roth IRA? A Roth IRA is a retirement account in the USA that allows for you to put in post-tax money into the account, and as long as you don’t withdraw those earnings or gains before age 59.5, you get them 100% tax free! It is my favorite type of retirement account! As of 2021, you are allowed to contribute $6,000/year (or $7,000/year if you are age 50 or older). Since it is an individual retirement account, you can decide to invest into whatever you want to invest into… stocks, bonds, ETFs or a mixture of any allocations you desire!
At the time of this recording, my Vanguard Roth IRA is valued just under $19,000. (Yes, I slightly did some click bait… don’t hate me for it!!!!). However, I did not lie in the fact that if I continue to max out my Roth IRA until age 60, I will have over $1.7 million in just my Roth IRA alone. So yes, I am a Roth IRA millionaire, just not yet!
I am personally a huge fan of a Roth IRA & I keep my Roth IRA holdings very simple. I reveal my holdings in the video, so be sure to watch it 🙂
#StockMarket #Investing #DecadeInvestor
DISCLAIMER: Decade Investor, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Decade Investor’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
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Time Stamps
00:00 Intro
0:50 Roth IRA explained
3:10 My Roth IRA revealed
7:37 Make Sure to LIKE & COMMENT!
Tags:
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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
Who else loves the tax benefits of a Roth IRA??
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
When would be a good age to invest into bonds? I am currently 22 years old.
and portfolio investment of $19k is just through your ROTH IRA?
Would just a one fund S&P 500 Index Fund (401k) and what you have currently in your ROTH IRA be enough? ROTH IRA FTW!
Take em to church!
You can probably get to 1mil+ faster if you bought individual stocks. A lot of folks became one already holding TSLA or NVDA in a ROTH IRA the past couple years.
Here from WealthSquad!
Fantastic video with A LOT of insight within! When it comes to my IRA account, I make sure to max it out at the beginning of the year and think anyone who ISN'T taking advantage of a tax advantage account is making a mistake, unless of course they have a goal in mind during the near-term!
Great plan! Keep it simple! It’s more about time in the market than timing the market.
What platform do you use to create an IRA?
Do you sell etfs when they have blasted off like in a swing trade ? Or do you not worry about that and if it falls you’ll add more when it’s down ?
First!!