This video goes over the best retirement accounts such as 401k, 403b, ROTH IRA, IRA, and more! Beginner’s investing guide everything you need to know about retirement investing. Become a tax-free millionaire or just be able to retire with financial freedom through consistent investing in the S&P 500.
#rothira #indexfundinvesting #etfinvesting
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0:00 – Compound Interest – 10 years could cost you $1 Million!!
1:02 – 401k basics for beginners in 2023
2:04 – Individual retirement account for beginners
2:40 – ROTH IRA vs. Simple IRA
3:27 – ROTH IRA for beginners
4:35 – How to invest within an IRA – VERY IMPORTANT
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7:26 – Target Date Fund 2055 vs. 2035
9:40 – Investing in ETFs/ Index Funds for retirement (S&P 500 VOO and VTI)
11:08 – ETF vs. Target Date Fund = Which is best?
12:01 – Step by Step = How to create your own IRA (easy!)
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LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
I have 30yrs left before retirement. I keep mines pretty simple, 401k 100% S&P 500. ROTH 100% VT. Individual account mix growth and dividends.
Let's retire with time freedom!
Thank you, Prof. G. for another great content. I recently opened a Roth IRA account and here's my current fund allocations:
VTI(65%), VYM(15%), VUG(10%), VXUS(10%). I've a relatively higher risk tolerance, so I'm leaving bonds out for now. My question to you is if you were opening a Roth IRA account TODAY and not taking the target day route, would these particular ETFs & ALLOCATIONS mirror your portfolio? Thanks!
The hardest thing about investing is being patient and investing consistently year after year. I’ve been investing into the index funds for a few years now and it’s such a slow process you need incredible amount of patience.
oooo this was really good
So I Pay Tax On Money As I Earned It At My Job Then I Put In In An IRA Account Where I Pay Taxes On That Money Again When I Take It Out Of The Account.
I'm no longer waiting for the GRANT LOAN because I earn $50,000 every 7 days recently.
hola again!!!! Vanguard Target Retirement 2040 Fund (VFORX) what does it mean? what is your opinion?
1st world problem question
Wife and I don’t qualify to contribute to a Roth IRA. Best alternative for us? I’m guessing a traditional IRA?
Also can you at some point go over how to go about doing a backdoor Roth?
TSP video for us FEDS? Could be cool.
What do you have in your personal Roth account?
what a great video!
Are you a promoter? our company is developing a global market and need a lot of influential promoters to advertise our company digital platform.
My job recently added a Roth 401k as well as the regular traditional I was able to take already pre tax contributions and as well as my company match and switch it over to the Roth option definitely will help later when I withdrawal from the account
Hola Professor, is there a difference in having the roth ira(voo) in chase and it is not vanguard? thanks
I just rolled a 401 into a traditional ira and opened a roth ira to put extra money into. Is that a bad idea?
Thanks for the Great information. Could you please do a video for starting an account for kids or Grandkids. And what to invest in for them. There is no videos up to date on that. I would like to give my Grandkids a good start in life.
Good basic info.
Don't forget to add that a contribution to a regular IRA account is tax deductable vs a contrubution to ROTH.
Hey Prof G! Thank you for another informative video. I was all ready to do the full contribution for Roth IRA for 2023 but I ran into this "MAGI" Limit. If my salary is $141k, married filing separately and I live with my spouse, the IRS website says I can't contribute anything at all??? I may be misunderstanding the MAGI calculation. Would you consider doing a video on the MAGI thing? Thanks sir and happy Thanksgiving!
The content we need
love the video❤