▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!
▸▸▸Enroll in our FIRE Master Class: This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!
▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE!
▸▸▸Follow us on Instagram:
Our Rich Journey – Roth IRAs and How They Can Help You Retire Early: If you’re pursuing FIRE, you must prioritize your investments to maximize the tax advantages for all of your accounts. This includes prioritizing your tax advantaged retirement accounts. We’ve done a video on 401(k)s and we’ve done a video on HSAs. In this video, we move onto our third tax advantaged account – the Roth IRA. There are so many incredible benefits to the Roth IRA and we want to share them with you! In this video, we discuss the tax benefits of Roth IRAs, the unique way that the Roth IRA can facilitate your financial independence journey to retiring early, and we compare the Roth IRA to other traditional retirement accounts. Thanks for watching!
▸▸▸Check out some of our other videos!
Investment Accounts Needed for Financial Independence | FIRE in Less Than 10 Years:
We Retired at 39 to Portugal & Bought Our Dream Home in CASH (See How Much We Paid & Tour Our Home!):
Retiring Early With Dividend Income (Our Income & Growth) | See Our Portfolio (Ep. 3):
ETF vs. Index Funds | Our Investments for Financial Independence (FIRE Investing):
Accessing Retirement Accounts Early | Roth IRA Conversion Ladder Explained | Early Retirement Hack:
▸▸▸PLEASE SUBSCRIBE:
If you like our video, please make sure to “like” the video and subscribe to our channel. We post two videos a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey!
DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions.
#FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly…(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
Hi I'm 57 y o now , can I start Roth IRA ? What is your advice if I'm planning to buy a house like in 5 yrs time , buy the way I'm using my disability money to start with is it ok?
What kind of Roth IRA accounts do y’all use??
I thought you had to bw in roth for 5 years and be 59 1/2 before you can withdraw.
I have 3000.00 to invest could I put it all in a ROTH IRA??
Do you have a video on the backdoor Roth IRA?
What brokerage is the best for opening up a Roth IRA with index and mutual funds?
I have a Roth IRA with about 21k.. how do I put that into s&p 500 and maybe VYM or VTSAX? I’m 33.
❤️❤️❤️
can you have 2 Roth IRA from 2 different companies
Hi there. Do you guys have a video or post on Mega Backdoor Roth anywhere? If not is there one you can recommend? Trying to get my head around the higher level stuff, and with the possible tax implications I want to make sure I get it right!
Thank you both for all of the videos and posts. You have been a huge help on my journey.
Quick question for anyone reading this, if my only income is VA disability pay, would I be able to still invest that into a Roth IRA since my disability income is already considered non taxable?
Hi, Thank you for your video. So the income limit is gross income or total income before tax for married couples.
Is this only for Americans?
Can I open a Roth IRA if I am 65 ?
What is the window to contribute to a IRA
Is their a diffrence in growth when it comes to calendar year vs tax year?
I am so confused… I am trying to open a roth IRA (finally) but the last step before opening an account is to select "Fidelity® Government Money Market Fund (SPAXX)" or "FDIC-Insured Deposit Sweep Program (FDIC)". I tried to find out what these were but being a complete newb in investing I just got more confused. Could you point me in the right direction? Thank you for all you do.
so i have my roth ira. and lets say God allows me to max it out every year great! but what other type of account can i invest in to earn dividends and then live off of those? instead of waiting until 59 1/2 years of age and only be able to contribute 6k a year into my roth?
Do you have to contribute to it monthly
Hi Christina. I am 48 can I pull my money out of 401k and roll it over to Roth account?
What brokerages do you recommend for opening a Roth IRA?
Can you guys please explain spousal roth IRA for a non working spouse ??
Is it better to make a contribution to the roth-ira account and invest it all at once or split it into 12 months?
Great information. I’m 35 years old and want to start a Roth IRA. From what I understand, you can withdraw contributions any time as long as it’s just contributions and the interest gains if you’re under 59. But is there a complicated process if you have to take contributions out and fast?
Ok, you must roll an IRA into a Roth IRA. You cannot roll a 401K directly into a Roth IRA. Correct?
Love your page!! Your information is INVALUABLE!!
Please explain what’s a Retirement Savings Contributions Credit (Saver's Credit)
Question. I currently have a brokerage account with fidelity with about 5.8k invested, up a total of about 14.6%. Is it worth taking the tax hit to sell and close this account to open a Roth IRA?
You talked about early withdrawal of your personal contributions to your ROTH without penalty. Does this also apply if you are under the age of 59-1/2 and leave a company then roll over your 401k? Isn't there a penalty associated with a early withdrawal then?
I want to retire early but my Roth IRA is maxed for the year. Not expecting financial advice, but what do you guys do?
Very interesting
My parents started a Roth IRA for me 2 years ago. I'm 20 and have a worth of $25,000 in my savings.
Can I have both a Traditional IRA and a Roth? I want the deductions now from Traditional but I like that the Roth is tax free for retirement in the future.
Can you convert from a 403b to a Roth?
I am 65 and don’t have any income or social security benefits . I have some savings, can I still open a Roth IRA account to invest? And what is the maximum amount for a single woman?
I appreciate this information, thanks!
I opened a Roth IRA with my Credit Union a couple of years ago; im not sure if that was a mistake
Today i opened my first investment account and I'll be maximizing my contributions
Thank you for this video. My husband and I are in our forties, never learned about investing. We were told to put it in the bank. We've lived most of our twenties and thirties pay check to pay check. When we did receive a windfall we should have invested the money. Live and learn. Starting a Roth this weekend. Will max both. I've been researching. I thought I had to have income to get my own Roth IRA; now I know I can get a spousal account through my husband because we file jointly. Mind blown.
You have a new subscriber. I love that your videos are straight to the point and very clear cut
please tell your listeners about the Roth 401K too. Many of my coworkers do not know about it.
If your employer offers a Roth 401k is it best to convert to Roth IRA when leave a job ?
Hello, I'm just finding this channel, however I have questions… What banks are best for Roth IRA??? What questions should you ask when opening a IRA for yourself and your child.? Are there any tax issues with children that have IRA's?
This channel is a godsend for me. I have totally shifted my mindset. I am grateful for the information.