In this video I’m going to share the easiest method to becoming a millionaire. This is how you can retire with over a million tax-free dollars in your Roth IRA retirement account.
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DISCLAIMER: Please note that I am not a financial advisor, and these videos are for entertainment/educational purposes only.
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Hi there.
So, what’s the difference between a Roth IRA account and a Rollover IRA account? are they the same?
@Arvabelle. I have 2 questions.
1. Can you put your crypto investments in Roth IRA.
2. Is Roth IRA only available in USA.
If I were 16 again and mowing lawns again… and working at the KFC again…. and living with mommy and daddy… again… I’d be depositing as much as I could into a ROTH.
You didn't mention that within your Roth IRA account you can do short term investment and not pay taxes when you buy and sell.
So basically max out my Roth IRA with 6 grand every year consistently up until the time of my retirement? I think I can afford 6 grand every year. That’s not too bad. I’m 16.
Good stuff. As long as you have a income and make under a certain amount ? Plus your 19500 in a 401K OR TSP?
I want to start a Roth IRA but by the time I retire 1 million won’t be worth 1million due to inflation
The principal money is tax free but interest is taxed? That would make about 70% of your withdrawals taxable
Now i just need a time machine so i can go back to when i was young. I guess this video does not help me now that I am old
Can you continue selling and buying stocks within your ROTH, tax free? Meaning if you add 100k to a Roth and bought and traded within the ROTH until retirement, and earned one million worth in that account, will profits made during that time still be tax free?
Why should I have a limit on how much I can contribute in a Roth IRA Account?
What’s your understanding on IUL?
ugh i wish i could've known this years ago. Everyone says to Open a Roth! so i do. but brokers, bankers, friends etc Never say anything about investing the money.
Oh, gosh, I am 32, I will only have around 700K by the time I am 65, yikes /;.
Age 50 and over you can contribute $7000 to your Roth IRA.
I grew up poor, and my parents were first generation immigrants. They’re awesome parents, but they never taught me the fundamentals of managing money. The education system let my peers and I down in terms of acquiring financial knowledge. Now I’m playing catch up, but I’m thankful for people like you. You articulate in a manner that is easy to understand.
Superb! You must teach this in high school to motivate young people! Thank you.
Just don’t touch it after you 59 and a half. Got ot
A fairly easy way to become a millionaire is to create and cultivate youtube channel either for ad revenue or into a marketable product. That is, if one doesn't mind broadcasting themself. You probably have the most straightforward finance and investing videos though, so it's a nice niche.
Don't know if you already addressed this, please do a video on how to buy mutual funds, options, bonds etc. Thanks.
I don't like this idea of making money. Its better to do small businesses rather to be 65 or retirement age. There is no guarantee that everyone hit 65.
Thanks for these valuable videos. I wish I saw this when I was 18 years old.
Dose Ameritrade do roth ira.
I just started my RothIRA account. Love the videos! How do i know what percent my account is growing at? I saw your example was 7%.
I love your videos! The content is so detailed & informative. As a rookie in stock investments, I have learned a few things thanks to your videos so please keep making them. FYI: I’m looking forward to opening a Roth IRA. 🙂
So I've read different things on the difference bewteen a traditional ira and a roth ira…Could you explain this?!
Say you start at 25 and you end at 65. That's 40 years of contributing. 40 times $6,000 is $240,000. Is that $240,000 tax free and anything over that taxable?
7% growth – (7%-15% real inflation + fees + cost of living + medical + loosing your job) .
I love your videos. Thanks. I put maximum contribution for my company sponsored 401k. Can I still open Roth IRA with TD?
You actually can put it back. You just have 60 days to do it, and you can only do it once per 12 months.