It’s never a better time to start investing than right now! Especially when it’s TAX FREE! Retire with millions in a Roth IRA. Contribute the maximum yearly and watch your money work as harder than you do.
DollarMike Merch – www.dollarmike.co
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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
BTC's price has been fluctuating lately, which means the market is currently open and you cannot tell whether it is going to be bearish or bullish. This uncertainty is driving most traders away and forcing investors to hodl. I would say it's totally wrong to just sit back and wait, maybe make a few losses, this is the wrong way of thinking for an investor because as an investor it should be our job to find ways to add and recharge more and more coins as the ultimate goal of making a profit. It all depends on the pattern you are tradin in and the source of your strategies as well. I have made over 15.8btc from day tradng in less than 2 weeks using the correct tradin strategy given to me by an expert trader, Theo Ryan.. His methods are top notch and profitable.
To max out a 2023 Roth IRA for those under 50 years old and not married:
– $250 per bi-weekly check.
– $270.83 per semi-monthly check.
– $541.667 per monthly check.
So I’m just curious about my investment direction, so I’m enjoying all your videos of how the dividens come into your portfolio each month and your value grows that way but how do you plan to pay the taxes let’s say when you start making thousands a month? Also as the market is looking would you go more toward dividens or growth if you were starting today
If you pull out gains before 59.5 years old you will have to pay taxes on those gains plus a % penalty (I believe it’s currently at 10%). Before you pull out any money, even your contributions, you have to have your Roth IRA for 5 years.
It is also a great account to do dividend investing in as you will not have to pay capital gains taxes or taxes on any of your dividends! It is a great retirement account for those reasons alone. Also for those 50 years old or older can put an extra $1,000 a year in for what’s called a catch-up. That $1,000 extra each year is not likely to change as that $ amount is written into law so unless that law changes it can’t be increased.
Good video
Yes a parent can open a custodial roth ira for their child before age 18 as long as the child is working :). So crucial for parents to do this.
Great vid Mike! I use TD Ameritrade, I don’t invest in this portfolio but I let the compound interest take over!
Dude, invest in a better camera. One that makes the video brighter. I like your enthusiasm and clear communication. I am a subscriber, but feel the video is too dark, maybe needs more lighting or brighter background.
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4:54 hey DollarMike you mentioned we got a couple months left to max out the Roth IRA. I thought for Roth IRA’s you can contribute to the prior year up until April.
I’ve been following you and didn’t know we start Roth’s at the same. I’m holding you accountable to max it out yearly for the next 40 yrs and I’ll do the same haha
This Strategy doesn't take into account the current economy and the fact thing may not stay the same longterm