Roth IRA Explained in 56 Seconds

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=PmbAFPtQtQ8

A Roth IRA is simply a US retirement savings vehicle by which investors contribute after tax money That money grows tax free and the withdrawals later in retirement are tax free The Roth IRA was established in 1997 by the Taxpayer Relief Act IRA explicitly stands for Individual Retirement Account As the name suggests this is an account designed to help individuals save for retirement whereas an account like a 401k is tied to your employer Anyone with earned income can open a Roth IRA on their own provided that income is below the eligibility limit The main function of the Roth IRA is that contributions are made with post-tax dollars and then those contributions are allowed to grow tax free and later be withdrawn in retirement tax free In other words contributions to a Roth IRA are taxed on the front end and not on the back end Because of this the Roth IRA would be the obvious choice if you somehow knew you'd have a higher tax rate in retirement • #retirementplanning #rothira #retirementinvesting • // INVEST • ► M1 Finance: https://optimizedportfolio.com/go/m1 • ► My comprehensive review of M1 Finance: https://www.optimizedportfolio.com/m1... • ► Get my dividend portfolio: https://www.optimizedportfolio.com/m1... • ► Lazy Portfolios: https://www.optimizedportfolio.com/la... • ► Beginners’ reference guide (updated regularly): https://www.optimizedportfolio.com/be... • ► Webull (for stock traders; get 2 free stocks): https://act.webull.com/kol-us/share.h... • // SOCIAL • ► Website: https://www.optimizedportfolio.com/ • ► Patreon: / optimizedportfolio • ► Facebook: / optimizedportfolio • ► Instagram: / optimizedportfolio • ► Twitter: / optimizedport • ► Support my channel by shopping on Amazon (free for you): https://amzn.to/2TLCgCc • I appreciate all the support! • Disclaimer: This is not financial advice, investing advice, or tax advice. The information presented is for informational, educational, and entertainment purposes only. Investment products discussed are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. I always attempt to ensure the accuracy of information presented but that accuracy cannot be guaranteed. Do your own due diligence. All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future results. Opinions are my own and do not represent those of other parties mentioned. Read my lengthier disclaimer here: https://www.optimizedportfolio.com/te... • Disclosure: Some of the links above are referral links. At no additional cost to you, if you choose to make a purchase or sign up for a service after clicking through those links, I may receive a small commission. This allows me to continue producing high-quality content on this channel and pays for the occasional cup of coffee. I have first-hand experience with every product or service I recommend, and I recommend them because I genuinely believe they are useful.

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