Step by step guide on how to open a Roth IRA (Individual retirement account) on Fidelity’s website. This tutorial will show you how to open a Roth IRA account AND deposit money into your Roth IRA. I use Fidelity because they have the lowest fees, tons of investment options, and an easy to use website. Opening a Roth IRA with Fidelity and depositing $500/month or doing $6,000/year (currently the max) could make you a millionaire overtime if you start early enough. An investing strategy is a key component in every wealthy person’s portfolio. When you open a Roth IRA you get to take advantage of huge tax benefits that are unmatched in any other type of investing account. Your money grows tax free and there are no required distributions…. So if you’re looking for a guide on how to open a Roth IRA with Fidelity, I break it down step by step for beginners, so check out this video! Be sure to SUBSCRIBE for more Roth IRA videos in the future.
🎥Watch: Fidelity Roth IRA HOW TO INVEST ➡️
🎥Watch: Roth IRA Benefits Explained ➡️
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00:00 Intro
00:17 About a Roth IRA
00:52 Open a Fidelity Roth IRA
04:10 Link a Bank Account
05:41 Transfer Money Into Roth IRA
08:11 How to Invest Your Money…(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERT IRA TO GOLD: Gold IRA Account
CONVERT IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Most helpful video on the tube
Can a person unemployed open account for fadility and I don’t have job I want to do this which account should I open
When does the money get taxed, is it during tax season or when you deposit? Because don't you pay taxes on your contributions for Roth IRA?
Ive been telling all my friends who still don't have a Roth IRA to open a Fidelity Roth IRA and I'm so happy that I can just send your video. Thank you soooooo much for this! You have no idea how many people you'll be helping!
can you do a one time payment for the account instead of setting up a monthly payment ?
fucking stupid. i already did that and my screen is completely differrent. it still says i have no funds? i deposited 500 fucking dollars and its listed!
Thank you so much – I just opened ours after going through so many videos and yours was the most helpful . You have a very calm voice and teaching method is great. Thanks again from our family:)
Your video so helpful! Thank you
Also where you get your shirt from that verse is very mean into me!
So Concise, so precise, real nice!!
Thank you.
Thanks for the encouraging t-shirt, brightened my day
This was very helpful. You just got a new subscriber. Also Jeremiah 29:11 is one of my favorite verses. Great shirt!
I just opened up my fidelity account at 21 this helped a lot
So I opened a Fidelity Roth IRA by transferring money from a previous Roth IRA at Trowe. How to I set it up so that I can put that money into Fidelity index funds? Anytime I try to trade it says funds available = $0 and the money looks like it is still in the Trowe target date fund.
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
I am the classic irresponsible guy non money wise at 45 yrs old making +$120k a yr…..I have the goal to open my Roth this week….I have around 20 yrs to put my money well invested…
Thank you so much, Tim…this was so very helpful!!!
Got a couple of questions.. When you open a custodial account and you turn 18 does that account automatically become a normal account or do you need to do something. Secondly do you need to put money in every month? What if I put like 10 dollars every other day, does that work?
Hey I turned 18 in October but just recently opened a credit card (that I haven’t received yet) but when I enter my information they say they cannot verify my identity. Is it because I don’t have credit history? And will I have to wait till I do to open it?
Homie just gave me his security q answer
My daughter can't get past the tell us about yourself page. It keeps saying they are unable to confirm her identity.
Hi Tim, a newbie question here. I'm planning to open a ROTH account but is hoping to make the contribution accounted for the year 2021, pay a lump sum of 6k in the hopes of I can maximize the opportunity of investing in ROTH as I know there's a limit per year. Can I still do a retro account which I can make contributions for the year 2021 and still contribute for this year of 2022? Hoping to hear from your feedback.
Thanks for the video,I always wanted to know about the Roth IRA but honestly it’s like trying to learn another language to me .
You made it simple ,thank you
Opened mine at 22 years old which is pretty late but better now than never!
Hi, what about a stay at home mom who doesn't earn a paycheck? Would it have to be under my partner's name?
I wonder how the money is transfered from IRA to your bank account, specially how to choose my money vs gains.