How to Set Up a Roth IRA | For Beginners

by | Dec 3, 2022 | Roth IRA | 7 comments




I hear this question ALL THE TIME: “How do I open a Roth IRA?”

People are becoming interested in investing due to the general hype around the stock market right now. So, how do you partake? How do you invest? How do you go about preparing for your future financially RIGHT NOW? Introducing my NEW video: How to Set Up a Roth IRA for Beginners.

• Roth IRA vs. Traditional IRA
• How does a Roth IRA differ from a 401k/403b
• How Roth IRAs are different from individual stocks
• Is a Roth IRA better than an HYSA (high yield savings account)?
• Penalties with a Roth IRA
• What order should I contribute to these investing accounts?
• Max amounts you can contribute to
• How do you actually set up an Roth IRA with an online broker?
• Index Funds and Target Date Fund

At the end of the day, don’t be afraid to dig in and get your feet wet. Learn as you go, educate yourself and invest, invest, invest.

Any questions? Ask in the comments below!

MENTIONED LINKS
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See also  EPIC #Shorts : What do you invest your roth IRA into?

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Sami Womack is the brains behind A Sunny Side Up Life. Her weekly chart-topping podcast has been downloaded over 100,000 times. When she’s not downing caramel coffee and rocking a little girl on her hip (literally), she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life.

She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born.

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7 Comments

  1. Chelsea Reinking

    Thank you for this great info 🙂

  2. DumBlondz

    this is so helpful!! thank you!

  3. Callie Thrutchley

    This was so very helpful! Thank you very much for this video!

  4. Jeni

    Timely video, as I am just getting ready to begin this journey! Thank you for the breakdown, and helpful tips.

  5. Vee Weir

    What an incredible and comprehensive video. I hope tons of people see this! You made it easy!

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