6 Ways To Max Out Your Roth IRA (USE THESE STRATEGIES)

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Have you considered opening a Roth IRA to save for your retirement? These accounts are powerful and well worth using to become a "tax free millionaire".

In this video I look at 6 ways to max out your Roth IRA:
💵 setting up a monthly contribution (automate it!)
💵 adding small amounts over the year consistently
💵 contribute big chunks like tax refunds. or bonuses
💵 get an extra job for more income to invest

Obviously all of these won't work for everyone so use the method that allows you to max out your Roth IRA!

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Given you can still contribute to the previous year until the following April, saving up throughout the year to max at day one is a REALLY great strategy.

girldaddividendinvestor
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I may or may not max my Roth, but I’m definitely going to be contributing for the first time in 2023! I have a pretty decent 401k so have to expand my investments 😊

alwaysemilia
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my 21 year old adds half of the $6500 because he still pays for community college. better than zero!!

autobotdiva
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Once you max out your roth ira, what's next? Do you invest?? Buying shares with the 7k?? I'm so confused.

prof.yelsom
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I have a Roth 401k and love it because it goes through my work and I don't think about it. 💖 but I also add into a Roth IRA a little when I can. Even if it's just a little, it makes me happy 😁😊

GH
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What investments do you have in your Roth IRA?

BeeBombard
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Move it over day 1 but dollar cost average over the length of the year.

MechEB