The number one mistake I made with my Roth IRA is not contributing whenever I could. You should avoid these top 5 mistakes people make with their Roth IRA. Every dollar you invest today could be worth $21 in 30 years.
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⏰ Table of Contents ⏰
0:00 Spousal Roth IRA
3:19 Roth IRA Beneficiary
5:55 Backdoor Roth IRA
8:00 Contribute to both Roth IRA and 401K
10:25 Roth IRA Emergency Fund
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Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence, or seek the advice of a licensed advisor if necessary.
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I probably need to figure out a backdoor IRA… I don't really contribute to a traditional as I set that up after I needed to transfer past job 401Ks and 403bs into it so it just grows from jobs I had in my twenties and randomly contribute… I did check this year and if I did contribute 6,000 this year since I have til tax day I won't get a tax break due to income… so I am trying to contribute to both tsp and ira this year but I already max out tsp and these kids can get expensive!!! 🙂 thanks for all the good content I like listening I think we will be ok in retirement but good to plan beyond the pensions etc… I will probably work after i retire since I will be younger but I want a job that is flexible and not demanding so I can travel lots!!!