How to retire faster and more RICH! You’ll be able to live off passive income BEFORE retirement age and then continue to live life to the fullest in retirement age without taxes! The ROTH IRA is the best account for financial freedom, but some people are investing the wrong things into it and in their taxable brokerage account. This video will shed some light on the correct investments for the ROTH IRA vs. brokerage account.
#rothira #etfinvesting #dividendinvesting
0:00 – Is the ROTH IRA still the best for everyone?
0:49 – 5 categories to invest (ROTH or Brokerage?)
1:10 – The ROTH IRA Explained in 2 min.
3:18 – many don’t know this about their taxable brokerage account
4:36 – Best advantage of ROTH and Best Advantage of Brokerage Account
4:55 – Regular Dividend Stocks / Dividend ETFs
6:59 – Where should I place JEPI – ROTH or Brokerage?
8:28 – Growth Stocks/ Growth ETFs
9:30 – Where to invest VOO/ VTI – Roth IRA or Taxable Brokerage Account?
10:08 – The best investments in the best places
10:37 – Best account to invest in REITs
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Retirement is a time of life that everyone looks forward to. It gives you the opportunity to relax, enjoy the fruits of your labor, and do the things you’ve always wanted to do. However, for retirement to be a reality, you need to plan ahead and make the right financial decisions. One of the ways to achieve faster retirement is by investing in the right portfolios. This article will explore the investments that belong in ROTH IRA and the best stocks for brokerage.
ROTH IRA
ROTH IRA is a retirement savings account that allows you to contribute after-tax dollars to an investment fund. The fund’s earnings grow tax-free, and qualified withdrawals in retirement are also tax-free. Here are some investments that belong in ROTH IRA.
1. Index funds- Index funds are a portfolio of stocks that track a specific market index. They diversify your investment, reducing risks while making it easy to keep track of your earnings. You can buy an index fund for a particular index such as S&P 500 or Russell 2000. Over time, they provide consistent growth and are perfect for long-term investment.
2. Mutual funds- They are portfolios of stocks, bonds, or other assets managed by a professional fund manager. Mutual funds diversify your portfolio and offer higher returns, but the fees charged can be high. Investing in mutual funds within ROTH IRA helps you avoid taxes on dividend payments and capital gains.
3. Exchange-Traded Funds (ETFs)- ETFs are similar to mutual funds, but they trade like stocks. They are bought and sold on stock exchanges and are diversified portfolios that track specific market indexes. They offer low expense ratios and dividend payments are tax-free within ROTH IRA.
Brokerage stocks
If you want to retire faster, you can increase your savings by investing some of your money in individual stocks through brokerage accounts. Here are some of the best stocks for brokerage.
1. Apple (AAPL)- Apple is a leading technology company that develops and sells consumer electronics, computer software, and online services. It has a strong financial position, pays dividends, and consistently grows its revenue and earnings. Investing in Apple stock is a safe bet over the long run.
2. Amazon (AMZN)- Amazon is a multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has a broad range of businesses and continues to expand its market share. Its diversified income streams make Amazon a solid investment for brokerage.
3. Visa (V)- Visa is a multinational financial services company that facilitates electronic funds transfers throughout the world. It has a reliable business model, a strong market position, and benefits from the growth of e-commerce. Investing in Visa is a smart move for long-term retirement savings.
In summary, investing in the right portfolios is essential for fast retirement. ROTH IRA portfolios are great for tax-free growth and are suitable for long-term investments. Brokerage stocks are ideal for increasing savings through individual stock investments. By investing in the types of investments mentioned above, you will be on your way to achieving your retirement goals faster.
Excellent video. I’m within 2-3 years of retirement. I would like to ask your opinion on Covered Calls. My CFP who manages my IRA that was rolled over from another job ( as well as taxable assets both of which he does do see covered calls) advised me to transfer my 10 individual DRIPS from computer share to him ( these are all stalwarts good and stable dividend paying companies like JNJ XOM PG etc) so that covered calls could be written and increase my income ( even with his management fee factored in) What do you think?
The other catch is your employer doesn’t offer Apple in the investing selection of your 401k
But what if you max out your Roth IRA and still have additional money ? What’s your take because your missing returns if you just wait on Roth IRA
I just started investing into a roth at 18 and current and 80/20 into fxaix/ftihx. What do you think about this asset allocation and do you have any other recommendations?
Prof G, i am so glad 1 of your vids popped up in my feed. i have subscribed. in your vids you keep talking about long term investing of 30+ years, but i dont have that.. i am 50 and have nothing saved for retirement. just this past week i've opened a ROTH with $100 ( i got 1 share of SCHD and a fractinal). my goal is to start depositing 1k a month ( at my current income level) to my brokerage account to maximize the ROTH contribution and start buying and holding stock and ETFs to fund my retirement in 10-15 years. i will be taking some training later this year to get a better paying job so that i can increase my investing to 2k+ a month starting next year. my long term goal is to retire between 62 and 65 with a dividend income of a minimum of 30k a year ( anything over that i will continue to DRIP) + social security to be able to live off of. i and probably some others in or close to my situation would like to see a vid for me, something in the line of a 10-15 year plan vid that doesnt involve a bunch of risk but will continue to grow my investment dividends. thanks so much.
Just found this channel and am excited to get into this. I do have Roth 401k through my employer so the 4 plans its invested in were chosen, I didnt know I could change that or customize my Roth, but Im new to all this so many I misunderstood that. I am for sure watching all the videos on this channel.
My etf, SCHD, is 50% of my Roth, along with my 10 dividend paying stock pie, 2 of which are reits (I use M1 finance) making up the other 50%. I tend to get very low or no dividend paying stocks, usually some speculative ones, in my taxable after my Roth IRA and Roth TSP (C fund, which is basically an S&P 500 etf) are maxed out.
Knowing how greedy politicians are, I’ve been wondering how hard it would be for them to change the Roth rules and somehow tax it?
You may have already made a video of this but is there a platform you prefer? Example Weebull, Robinhood, Charles Schwab etc.
Another great video, Thank you
I invested in DODGX in a ROTH almost 20 yrs ago and have it directly with the Mutual fund Co. I am working on transferring it over to Schwab Brokerage. It will be about 35 to 40% of my investment. I dont know if its still good to hold onto, downsizing or sell it all off. I have been getting into SCHD approx 20%, SCHG approx 15%, VTI approx 10%, then a few stocks. Im in my late 50s yrs old. Thank you for any insight.
REITS in my HSA!
Those countries with heavy taxes actually provide so many amenities… healthcare coverage, college education, mother helpers after a birth of a child, stipends for creatives who aren't making enough, up to a year off after you've given birth…housing..ect…
Which growth ETF you recommend is better for an Roth IRA “SCHG “ vs “VONG”
Hello Professor G.. thanks for educating us with your videos. Could you please do a video on back door Roth
Hi Nolan. Thank you for the video. Do you know if, for example, I have a Roth IRA with Fidelity, and want to buy VOO or SCHD, I would have to pay fees? (Since it's Vanguard and Charles ETFs instead of Fidelity's).
If that's the case I guess I should use a broker that doesn't charge fees for outsider ETFs
Great content as always brother!
Ill be 25 in august I recently started buying Vanguard VNQ about $300 every 2 weeks. I plan on an early retirement.
Dr. in other words .. this government S@#&ks!!… right?
Berkshire Hathaway AND McDonald's
In Portugal we pay taxes in everithing its a shame
Another good video Prof. G. My 20 year old nephew asked about starting a ROTH so I sent him your 3 fund video and a couple others. Keep the good content rolling. You're doing a good thing here.
But the biggest problem with standard IRAs and 401Ks is the tax time bomb at the end. Please do a video about the Tax Time Bomb waiting for tax deferred account holders just when they need their money the most.
Can you do a backdoor roth ira, or mega back door roth ira and somehow contribute 60k per year?
Hi!
Your thoughts VUG or XLK ?
great video thanks for sharing this…I have a 401k with my job, a small brokerage account with webull recently started and CDs already in 50s should I open a Roth IRA also what would the benefit to open one since I have the others?
Good video. Are there any negatives to owning both VOO and VTI in your brokerage account?
Just spent the weekend with my uncle in Apollo Beach Florida. His house is worth $1.8 million. He started working for Lowe’s in 1972. He retired in 2012. If you ever want to be inspired on investing he is the poster child? He’s having a boat dock with a hydraulic boatlift in the canal behind his house at least until the Gulf of Mexico which is costing him $50,000 and he’s buying a 17 foot boat with center consul with twin motors on the back of it $70,000 boat I asked him do you have to sell shares his reply was my dividends will pay for all of this, my jaw hit the floor. He is buying low stock since the day he started in 1972.Lowes
Unless they changed the rules, and say it can be taxed anyway.
I don't understand….if, in a brokerage account, your dividends are taxed even when you reinvest them, then aren't you taxed AGAIN on them (technically) when you withdraw the money?
Well done and excellent advice. Just a quick question. With regards to qualified dividends taxation, is the increase in taxation from 15% -20% as your income increases to over $553K a sliding scale ( like income tax) or are all your qualified dividends taxed at 20% once you go over $553k in income?
Brk.b? Vs voo?
Is it possible to buy stocks in a brokerage account, then later transfer those into a Roth IRA? Or, do the funds that are put into a Roth IRA have to be "earned income" only?
Max out my Roth every year Jan 1 a,ong with my wife.i use fidelity go with mine and up 10% my wife is mainly schd and some ioo.What are your thoughts on ioo?Love your channel
If you roll a 401k into an Ira do you have to take RMDs at 70 1/2? Can you roll over some of the 401k into a Roth Ira? I think that would create a taxable event.
I never hear anybody talk about SDIV but it pays a mega monthly dividend as well. I recommend it.
I’m very new , I still don’t know what to do but I only have Roth IRA, HSA, and Sep IRA. I didn’t contribute anything to SEP IRA. I contributed some HSA and Roth IRA last year and this year, I am trying to max out on both and contribute some to SEP IRA but not sure where to put . Hoping to learn more. Thank you !
What would be your top reit stocks to add to the Roth?