How to Open a Roth IRA with Vanguard (8 Easy Steps!)

Поділитися
Вставка
  • Опубліковано 29 лип 2024
  • Vanguard is one of the best investing partners for opening a Roth IRA.
    As a customer myself, I know the benefits firsthand.
    If you're wondering how to open a Roth IRA with Vanguard, here's how to get it done in 8 easy steps. And we're answering some frequently asked questions about the process as well.
    CHAPTERS
    0:00 Intro
    1:09 What is a Roth IRA?
    2:08 The Easy Steps to Open a Roth IRA with Vanguard
    3:54 FAQ: Opening a Roth IRA at Vanguard
    #Vanguard #RothIRA #RetirementInvesting #InvestingTips #Investing #FamilyFinance #PersonalFinance
    RESOURCES
    Vanguard (Open Your Roth IRA Today): www.vanguard.com
    Like the Video? Cheers Me a Cheap Bottle of Wine! www.marriagekidsandmoney.com/wine
    OTHER VIDEOS TO WATCH
    Roth IRA Investing in 10 Simple Steps • Roth IRA Investing in ...
    How to Start Investing in 10 Simple Steps: • How to Start Investing...
    5 Best Investing Apps (2021) • 5 Best Investing Apps:...
    MARRIAGE KIDS AND MONEY:
    This award-winning blog, podcast and UA-cam channel are dedicated to helping young families build wealth and thrive. Each week, Andy Hill interviews personal finance experts, families who've achieved financial independence and debt-free young parents.
    BIO - ANDY HILL:
    Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
    Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With over 1.7 million total podcast downloads, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
    When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.
    ✅ CONNECT WITH US
    Instagram: / marriagekidsandmoney
    Twitter: / andyhillmkm
    Blog: www.marriagekidsandmoney.com
    Podcast: www.marriagekidsandmoney.com/...
    Facebook Group: www.marriagekidsandmoney.com/...
    TikTok: / andyhillmkm
    Facebook: / andyhillmkm
    Subscribe to my UA-cam channel today to strengthen your family tree and live financially free!
    DISCLAIMER
    This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
    Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
    CREDITS
    Video Editing: Andy Hill
    UA-cam Channel Management: www.weirdigitalmarketing.com/"

КОМЕНТАРІ • 44

  • @tulio3571
    @tulio3571 8 днів тому +1

    thank you.

  • @8Lynch47
    @8Lynch47 Рік тому +8

    Great video, thanks. If I may correct you, you mentioned that you have to be a US Citizen to be able to open a Roth IRA. True, however, a legal Green Card Resident is also elegible to participate/open a Roth IRA.

  • @emmylineee
    @emmylineee 26 днів тому +1

    Thank you!

  • @badup8
    @badup8 Рік тому +1

    This is great thank you sir!

  • @nickolashoban9797
    @nickolashoban9797 2 роки тому +1

    Thanks Andy!

  • @Pablo-dv9zp
    @Pablo-dv9zp 3 місяці тому +2

    Easy to understand

  • @user-nq2jg6wx8k
    @user-nq2jg6wx8k 4 місяці тому +1

    Thank you

  • @jakeshoenfelt2886
    @jakeshoenfelt2886 2 роки тому +1

    Awesome video!

  • @Badger345
    @Badger345 Рік тому +4

    A resident alien with a valid social security number can also open a Vanguard account

  • @autobotdiva9268
    @autobotdiva9268 2 роки тому +2

    I have vanguard but my 20 year old is on track to open with fidelity. Allowing him to skip rent to save $250 for 4 weeks=$1000.00 to open account. The "gruntleness" from some family of that 4 week decision is insane. He is on task 💵$!

  • @peterlarson1002
    @peterlarson1002 Рік тому +1

    Nice video.

  • @pnvst6648
    @pnvst6648 2 роки тому +2

    Great video once again! I never thought of a Roth IRA for children (custodial account), so this is definitely something I am going to look into. Question I have is; what is the maximum annual amount I can pay our children for doing chores, that is below the tax threshold but still being eligible for adding to the Roth IRA? Or is this not possible? I would appreciate it if you could explain how you fund these custodial accounts for your children while they are still minors.

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  2 роки тому +1

      Roth IRAs for kids are a great way for them to secure their future retirement early!
      They do need to have documented earned income. While I’m not a tax professional, it is my understanding that chores don’t count.
      I’ll work on a more detailed video!

  • @allisonquinteros1969
    @allisonquinteros1969 2 роки тому +2

    Great video. Now can you do this for opening an HSA account? 😊

  • @rosemarybezuidenhout3584
    @rosemarybezuidenhout3584 Рік тому +1

    Thanks- I loved this video! Based on your video, I think my child is eligible for a custodial Roth IRA now but what will happen when they are off to university and may not have a job some or all of that time?

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  Рік тому +1

      Great question! They can contribute on the years they earn income. The years they don’t earn income, they can’t contribute. But that shouldn’t affect contributions you/they made in previous years.
      My nephew did that. Had a summer job and made $3,000. Contributed most of it that year. But didn’t have earned income the following year. No worries!
      Does that answer your question?

    • @rosemarybezuidenhout3584
      @rosemarybezuidenhout3584 Рік тому

      @@MarriageKidsandMoney Thanks so much! I'll be opening up one this week!

  • @HammsterMusic
    @HammsterMusic 2 місяці тому

    Thank you for the tips! How do I pick my investments after I open a Roth IRA and fund it ? I don’t know how to navigate the app.

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  2 місяці тому

      index funds can be a great place to start!
      Here's some more detail to support your journey: ua-cam.com/video/dhCyuaR7YeE/v-deo.htmlsi=loKze1lKq1xKstoz

  • @farhanrahman3667
    @farhanrahman3667 2 роки тому +5

    This is too general. We need detail guide on how to actually to invest using the money you added through vanguard. Because vanguard user interface is super confusing. By words the steps sound simple but in practical, no clue what to do LOL

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  2 роки тому +2

      I appreciate the feedback!
      I’d recommend calling Vanguard as their customer service is top notch

  • @DisneysWire
    @DisneysWire Рік тому +1

    i fwu gang

  • @heroliau3866
    @heroliau3866 7 місяців тому +1

    Do you have videos how to buy funds after you open roth ira?

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  7 місяців тому +1

      Yes, check out how to keep things easy here -- ua-cam.com/video/yQevl6welI0/v-deo.htmlsi=wOLSAvMEXF2E0q3R

    • @heroliau3866
      @heroliau3866 7 місяців тому

      How long usually take for vanguard to approve after your account for roth Ira?

  • @heroliau3866
    @heroliau3866 7 місяців тому

    Which one better vtsax or voo?

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  7 місяців тому +2

      Better is relative to the investor as VOO tracks the S&P 500 and VTSAX tracks all publically traded stocks. There will be more mid-sized and smaller companies in VTSAX vs. VOO as VOO focuses on 500 companies vs. almost 4,000 companies in VTSAX.

  • @heroliau3866
    @heroliau3866 8 місяців тому +1

    Any annual fee?.
    2nd do you have to contribute to Roth ira every months, or whenever I have extra money?

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  8 місяців тому +1

      No annual fee. Contribute when you can or want to.
      There are expense ratios with the funds you purchase so it's important to be aware of those.

    • @heroliau3866
      @heroliau3866 8 місяців тому +1

      Last question so no need file tax on roth IRA when tax season ?

  • @ak74srthebest0909
    @ak74srthebest0909 4 місяці тому

    It made me go to brokerage roth ira?????