Borrowing from your Roth IRA does not work the same way as borrowing from a 401k and if you decide to “borrow” from the Roth IRA here is one warning you may want to consider.
We’re an investing service that also helps you keep your dough straight. We’ll manage your retirement investments while teaching you all about your money.
—Ready to subscribe—
For more information visit:
www.JazzWealth.com
— Instagram @jazzWealth
— Twitter @jazzWealth
Business Affairs 📧Support@JazzWealth.com…(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
Dustin, I was under the impression that you had something like 60 days to put money back into the ROTH without effecting your annual contribution. Am I misinformed?
What if it’s a Roth 401k?
"Penalties on Earnings from Contributions. Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on the amount of the distribution.Mar 9, 2017"
Am I misinformed? This is the first thing that comes up when I google it. Obviously from 2017. Did this change? Please debunk/confirm!
very helpful. Thank you. Where did you get your electronic blackboard?
Dustin. I imagine it works the same for a 401k? If you maxed out your IRA deducted contribution, would you still be able to make an indirect contribution ? If I remember correctly you did mention something like this in an earlier video.
wow I had no idea! Thank you Dustin – great education
Would you recommend a Roth IRA to save money for a home? I'm saving for a home but don't just want to let cash sit there
Thanks a lot, cleared up some questions I had
Thanks, was wondering how that worked recently
Wow this was a really good tip! Didn't know that once you take it out, you can't put it back in unless it counts towards your yearly allotment.
QUESTION: what is that digital chalkboard you're using!? It looks so cool but I can't find it on google. What's it called?
Well put.
Is that Missy Elliott over a jazz beat?! That’s hot! Good info!