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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
Thanks for watching everyone! Be sure to give this video a LIKE and leave me a comment down below. If you missed my last video covering 529s and ESAs in detail, be sure to check that out! https://youtu.be/bfmRkyHC-SQ
How do IRS know if we withdraw the contribution or the earning from ROTH IRA? Thanks
So with the 529 being able to be opened from anywhere can you have multiple states open at the same time?
Thanks for explaining in a simple and best way, you are the only guy I found after Dave Ramsey who make sense
I am currently taking a Personal Finance class and we are discussing education funding. Your video enlightened me much better about how each savings plan works out in real life. You are not a CFA or CFP but you spoke like you are one! Thank you.
Thanks
great content
Thank you so much for clearing things up, I about to take my series 9/10 and this was very helpful.
I am not sure I buy into using a Roth for education expenses. If you are going to pay ordinary income tax on the growth, why not just set up a separate, taxable brokerage account? You can invest in anything you want. You will likely only have to pay long term capital gains tax on any growth when you sell/ withdraw which will be 15% or less for most people. And you can use the money for anything you need in an emergency. The Roth strategy for education is only useful for those with a very low real tax rate (which may not be able to save this much money anyway). I am not saying not to invest in a Roth, but I would only do it for retirement to get the tax benefit.
Great video Jake! It made my life so much easier
Love the video!
Now to setup two more roths for the siblings
I finally made a decision after watching your video i love you sir you helped me big time
NIce video Jake. Verry informative, thank you.
Thanks for sharing!
So, does my wife and I open one IRA together with a maximum contribution of 12,000? Or do we have to open two separate Roth IRAs?
Jake
I just watched your video on college savings
you compared 529 plans to Roth and EAS as a savings vehicles
It was great I watched it twice
I don't understand why you said ordinary income taxes would be paid when you withdraw from the Roth.
Once you pay the taxes up front and wait five years you are all set. NO taxes are due on the Roth or growth as long as you are over 59 1/2
That is my understanding.
But that's not what you said in the video
Please advise
Richard Farrell
rvf1058@verizon.net
Thank you! This is very useful!
Best video I've seen so far on this and Ive been researching for hours. Thanks.
Hey Joe, you should be getting 4million views on this videos, its a shame people watch more funny videos than these incredible educational materials….super job man..!!!