How to Open a Roth IRA Tutorial

Everyone talks about the benefits of starting a Roth IRA, but few show you how to do it. Check out my video for a step-by-step guide on setting up your Roth IRA 🔥

Have more questions about starting a Roth IRA? Comment “INVEST” or tag a friend to join my next beginners investing livestream on Tuesday! 🙂

Here's how to open a Roth IRA:
1. Google Vanguard, Fidelity, or Schwab
2. Click Open an Account
3. Go to dashboard → transfer → set up monthly recurring deposits
4. Buy shares of S&P funds each month and dollar cost average
5. Watch compound interest work its magic

Investing early is crucial. The sooner you start, the more time your money has to benefit from compound interest.

Have you opened up your Roth IRA? Let me know in the comments below! 👇
-Steve

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Make sure you check out my next beginners investing master class September 3rd at 5:30 PM PST the link to sign up is in my bio! 🔥

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[paulyoung]

Last time you used fidelity! You have account at both houses?

[Oblivin-yu]

He forgot to mention why $583 per month, but its because the max contribution to your Roth IRA is $7000 in 2024. $583 x 12 months = $6, 996. Great vid tho :)

[liroxb]

Invest...
Please all tutorials step by step...thank you

[Eliza_sun]

I have a Roth option with Vanguard with my employer. In addition to our 401k’s and pensions. What’s confusing me is the way it’s set up on Vanguard. The Roth says “Roth Brokerage” Is that my Roth? There’s two that say that. I have a separate one for my son and his doesn’t say that. Idk why it’s so confusing to me, especially because I have allocated my paycheck to go into both of my accounts with Vanguard but my Roth continues to say 0. Lol

[Lynnie-the-Pooh]

Can we invest the maximum contribution right away versus $583 per month?

[Hello_Vuitton]

I just turn 50 and live paycheck to paycheck only can do 100 a month what should I start?

[amoneywellbusynge]

Hullo thanks 4 the advice I am inquiring if it is possible to apply it in uganda, africa

[franciscamontiel]

Hi can you please send me an invite to open an account, thank you so much for your videos