For retirement you basically have 3 options: 401k, IRA, or ROTH IRA. My favorite is the ROTH IRA because I believe taxes will be much higher in a couple years due to inflation and the pandemic. The ROTH IRA sets you up for financial freedom and financial independence for life to be a tax-free millionaire!
Step-by-step Open A ROTH IRA:
#rothira #voo #etfinvesting
*not financial advice…(read more)
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The Roth IRA is a powerful retirement savings tool that allows you to save for retirement without having to pay taxes on your earnings. The Roth IRA is a great way to save for retirement and it is an investment that is virtually unbeatable.
The Roth IRA is a retirement savings account that allows you to save for retirement without having to pay taxes on your earnings. This means that when you withdraw money from the account, you do not have to pay taxes on the money you withdraw. This makes the Roth IRA an attractive option for those who want to save for retirement without having to pay taxes on their earnings.
The Roth IRA has several advantages over other retirement accounts. First, the money in the Roth IRA grows tax-free. This means that you can invest your money and allow it to grow without having to pay taxes on the gains. This can be a great way to maximize your retirement savings.
Second, the Roth IRA allows you to withdraw your money without having to pay taxes on the money you withdraw. This means that you can withdraw your money at any time without having to worry about paying taxes on the money you withdraw. This makes the Roth IRA an attractive option for those who want to save for retirement without having to pay taxes on their earnings.
Finally, the Roth IRA is an investment that is virtually unbeatable. This is because the money in the Roth IRA grows tax-free and you can withdraw your money without having to pay taxes on the money you withdraw. This makes the Roth IRA an attractive option for those who want to save for retirement without having to pay taxes on their earnings.
Overall, the Roth IRA is an investment that is virtually unbeatable. It allows you to save for retirement without having to pay taxes on your earnings. This makes the Roth IRA an attractive option for those who want to save for retirement without having to pay taxes on their earnings.
Hi Prof.,
Thanks for all your great contents. I learn a lot about investing through your videos. Well done! So, i just opened my Roth IRA account with Vanguard and I'm just wondering what etfs I should put in it. I already DCA into my brokerage account wkly and a big part of that goes into VOO.
I'm 41yo and i'm considering adding VTI as the biggest allication into my Roth IRA in addition to two other etfs (yet to be determined).
If you were opening a Roth IRA today, what would you put in it, pls??
Thank you, sir!
Thanx 4 the heads up. Mine is already opened. Your a good man Professor G..
Roth 401Ks are pretty mainstream now too
Taxes being worse or higher is only part of the equation.
Most people pay less tax in retirement because they have way less income. Do you know what the median retirement savings is in the US or hell even the average. Most people will not pay many taxes in retirement.
Do you know the UK equivalent of a Roth IRA? Thanks man