From $0 to $660,000 With A Roth IRA

I've talked to too many people over the past 12 months who were clueless about a Roth IRA. This is frustrating because it's mainly an education problem. How do you know something even exists if no one ever tells you about it? You don't. This is why I felt it was extremely important to educate on the topic. Share the video with someone who you think needs to know about a Roth IRA.

In this video, we're going to go through how to start a Roth IRA with as little as $100. A Roth IRA is an individual retirement account that allows you to put money away in order to save for retirement. You're going to want this money to grow so I'll show you how to open an account, how to pick investments, how to invest the money, and how to turn it into anywhere between $660,000 and $1 million dollars.

Check Out My Recommendations (It helps support the channel):

A Roth IRA (Individual Retirement Account) is a special type of retirement savings account in the United States. It's named after Senator William Roth who helped create it. Here's a simple explanation of how it works:

Tax Benefits: The main advantage of a Roth IRA is that your contributions are made with after-tax dollars, which means you pay taxes on your income before putting money into the account. However, the earnings and withdrawals from the Roth IRA are typically tax-free when you retire.

Contributions: You can contribute a certain amount of money to your Roth IRA each year, based on IRS rules. The contribution limits may change from year to year.

No Age Limit: Unlike some other retirement accounts, there's no age limit for contributing to a Roth IRA as long as you have earned income.

Withdrawals: You can usually start withdrawing money from your Roth IRA penalty-free at age 59½, as long as the account has been open for at least five years. The best part is that these withdrawals are generally tax-free.

Flexibility: Roth IRAs are quite flexible. You can invest your money in various ways, such as stocks, bonds, or mutual funds, depending on your risk tolerance and investment goals.

No Required Minimum Distributions (RMDs): Unlike traditional IRAs, Roth IRAs don't have required minimum distributions (RMDs) during your lifetime. This means you can let your money continue to grow tax-free if you don't need to use it in retirement.

In summary, a Roth IRA is a tax-advantaged retirement account that allows you to save and invest money for your retirement. It offers the benefit of tax-free withdrawals in retirement, making it a popular choice for individuals looking to build a tax-efficient retirement nest egg.

Affiliate Disclaimer: Some of the above may be affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running.

Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.

[MrJbassrw]

Got my kids in a Roth as soon as they started working. They don’t know what it is, they can thank me later

[jayocean]

No one teaches this in highschool not even college. I had to learn what a 401k and IRA is on my own. So glad for YouTube and learning from people like you!

[arqsallstar]

I’m 22 I just opened one last week. People need to realize time = money invested in ur future.

[TrainerNick]

Im 34. Started my roth at 30 and have maxed out every year. 15% growth overall aint bad

[jonathanngo]

My mom sent this to me and my wife. Especially as elder millennials, we probably won't see social security by the time we retire... thank you for spreading this knowledge!

[TheRealDealNeal]

Maxed it for 5 years now! I’m 31. Feels good man

[XxCobraKlutchxX]

30 . Started my Roth IRA when I was 22. 8 years and my return has been massive. 30 more years baby let’s go!

[dewandmcqueen]

Thank you so much. I am getting old and bald and was worrying about retirement. I will share this video with other in my family. You have just changed the lives of people you have never seen and gave them hope for the future. 😊

[shaereub]

I have a Roth IRA. I'm turning 30 this year and this is my 4th year investing in it (I told myself I wanted $20K saved before risking any of it).
Starting this year, I'll be contributing to an HSA.

[Penaltybox]

My boys are 10 and 11. Opened a custodial Roth IRA for them with the money they get from neighbors doing yard work and tutoring about $200-300/month for each of them. Combo of SP 500 and NASDQ 100 index funds with no loads/fees. They will thank me later in life.

[appleztooranges]

Just started mine today. Thank you. I’m 36 years old

[jonassilvers]

I'm 53 I didn't know anything about investing or that we are suppose to have an investment portfolio until I was 51 now I'm doing everything I can to make up time

[langstonbell]

I’m happy I saw this video at 19 and not at 30. I had no clue you had to invest the money you put in a Roth Ira.

[freedomring]

I am shocked that people don't have a Roth IRA. Another great video!

[AC-]

I have started teaching my kids early. Teaching them why and how will be key for when they start making their own decisions. They may make mistakes with their money but just like anything else in life they will learn from it. Thanks for the great video. I love how you get right to the point and there isn't alot of nonsense fluff.

[ebells]

Jarrad, the information you provide is so invaluable. This channel deserves millions of subscribers!! Thank you!

[jolonsutherland]

Started my roth ira on my 18th birthday I was so excited.

[bicky]

Turning 26 in a few months. Wish I had this info when I graduated college.

[dougossont]

My 14yo. got her first summer job this year, so she has already got her ROTH IRA started. Fidelity was very helpful starting this!! 45 years of TAX-FREE, compound interest, cant be bought.

[mikellock]

Extremely well done video. This will be very helpful to those that don’t know what a ROTH IRA is and how to start one…