How To Invest with a Roth IRA 2023 [FULL TUTORIAL]

► Open a Roth IRA with Webull and get up to 12 FREE stocks (*limited time deal):

In this video, I am taking you step by step through how to open up a Roth IRA retirement account and start investing for beginners. A Roth IRA can be one of the smartest tax advantaged accounts to use, and I'll give you actionable steps to get started today! This video will be life-changing if you implement the steps I go through.

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If you want to retire a millionaire, investing can definitely help get you there. Though past performance doesn't equate to future performance, any seasoned investor knows that the stock market has provided a lot of wealth for those who put their money into it in the past. I personally max out my retirement accounts because I love that they have such big tax benefits.

We'll go through what these benefits are, who can open a Roth IRA in 2021, and the income limits. Then, I'll take you through M1 Finance, which is one of my favorite platforms with a stellar Roth IRA account. I'll do a walkthrough of the app and how you can use it. This will be a comprehensive tutorial on how to start a Roth IRA today.

I am not a financial advisor so please take this video for entertainment purposes only - invest at your own risk and do your own due diligence before investing in any stocks! Happy investing and I'm rooting for each and every one of you to build long term wealth.

If you enjoyed the video, please consider liking and subscribing for more videos like this. Also, consider using my links above if you'd like to support the channel. The whole point of this channel is to inspire and educate people to pursue non-traditional sources of income and build wealth. Thank you for watching!

-Charlie

And if you want a FULL beginner's guide (this is a 1 hour long FREE course I made), watch it here:

My Investing Strategy For 2021:

My Journey from $800 to $86,000 per Month [Millennial Entrepreneur]:

#RothIRA #Tutorial #StepByStep

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!

In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.

[CharlieChang]

Who else thinks the Roth IRA is one of the greatest retirement accounts in the world?
► Open a Roth IRA with Webull and get up to 12 FREE stocks (*limited time deal):

[NicholasBall]

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars

[LindaPatricia]

Investing in stocks may appear simple, but selecting the appropriate stock without a proven strategy can be tough. I've been trying to develop my $210, 000 portfolio for a while, but the biggest hurdle is a lack of a clear entrance and exit strategy. Any feedback on this topic would be greatly welcomed.

[myrle-vg]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[danieljamal]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[alexsteven.m]

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.

[kristychow]

Excellent presentation. Clearly outlining the process.

I also really like that you informed investors to select their investments. Otherwise, money just sit there doing nothing. I’ve done that before. 😅

[michellehenson]

I wish I had this kind of information when I was young!!! I'm 50 now ☹️, But I guess it's never too late to start right?

[mathebulamkhize]

What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

[JOESUBA]

I just got a Roth IRA! and this is what I was getting ready to ask you do I invest with it! thank you for this info! I am going to start investing right now! and you just got another

[johnl]

Well explained, especially the last part where you need to buy shares once you'd putted money into the account which I wasn't sure what I'd to do at first when I'd opened my ROTH IRA w/Fidelity. Now that I see M1 platform looks like it is more easy to navigate than Fidelity.

[actuallybusiness]

*If you change the way you look at things, the things you looks at change!!*

[jacobzeller]

Great guide on roth ira's thank you! Signing up for M1 finance right now

[metamask]

*Hey charlie, I just turned 43, and I’ve decided to invest in the financial market, I have over $200k invested, I need tips on how to grow that’s to $1.5million in two years and retire at 45*

[bengonzalez]

Is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to maneuver in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere?

[kittykat]

Which is better to do your Roth IRA? Vanguard or M1 ? I rather have one I can focus on then two

[andyrobles]

I just wanna say thank you! You’re vids are so easy to understand. When I learned how to invest and a lot I didn’t know about finance thanks to your videos.

[Prod-rc]

I have just turned 19 not long ago and I’m planing for my future but for me to do that I need to understand how to make my money work for me while I work to get it

[mtjoleolkaelle]

What’s the difference between opening a Roth IRA WITH A BANK VS OTHER LIKE FIDELITY.?

[MrsAyub-gfwy]

Long term investing is dollar cost averaging on the way down and up. When its down go heavy. When its back up invest your normal weekly/ monthly.