How to Invest in a Roth IRA (3 Easy Steps)

Don't let the complexity of investing stop you from investing in your Roth IRA. In just 3 steps, you can get started on your Roth IRA investing journey.
1. Open up a Roth IRA. This can be done at most financial institutions. I use Vanguard but most people find it easiest to stick with whatever financial institution they already have a relationship with. Many apps like Robinhood and M1 Finance also offer Roth IRAs and are a good choice.
2. Fund your Roth IRA. This is typically done through a bank transfer.
3. Invest. Index funds are a collection of stocks and/or bonds, covering a broad range of companies. Since this is a retirement account, target date retirement funds are a great option. These funds will start holding a lot of stocks and gradually (and automatically!) shift to holding more bonds as you get closer to your retirement year.
#rothira #ira #money #finance #personalfinance #financialfreedom #financialliteracy #financialeducation #retirement #retirementplanning #retirementplanningtips #rothiraexplained #rothiraforbeginners #investing #invest #investment #investingtips #investingforbeginners #investing101 #indexfunds #indexfundinvesting #indexfund #targetdateretirementfund

[@FiveMinuteFinance]

Learn more about IRAs: ua-cam.com/video/snQOdY8aeuw/v-deo.html

[@JayMomoa-4]

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.

[@Linette-g-y]

consider financial advisory so you don’t keep switching it up... those sound like great picks anyways, not bad for 350k

[@mette-lo]

Agreed, I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has 5X in barely 5 years, summing up nearly $1m as of today.

[@LoriRish-]

this is huge! would you mind revealing info of your advisor here please? in dire need of portfolio rebalancing

[@mette-lo]

I take guidance from a Montana based advisor ''Katherine Nance Dietz'' To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@Woodstev-]

curiously inputted Katherine Nance Dietz on the web, spotted her consulting page at once, and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@YouAreMySenpie]

Thank you so much!! Love how this is straight to the point. ❤

[@larafreitas3260]

Thank you so much!!!

[@benalfredo]

Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.

[@_davidturner]

Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.

[@benalfredo]

I have thought about it, but haven't figured out how to get consultation, I don’t live in a big city.

[@benalfredo]

What is her fee structure like? Are her services available to about anyone? Can you share more details?

[@benalfredo]

Impressive, I took a look at your advisr. I set up an appointment. I’m Looking forward to her reply, I hope she sees my message.

[@TuroVJ]

Bro you’re on every ROTH IRA video I’ve seen in the last 5 scrolls! 😂 are you just copy and pasting on every video!?!?

[@Trezn]

I literally looked up how to sell….

[@darkman35]

What if are income is past the limit?

[@bluewinterforever8529]

No video show how to withdraw, ugh!

[@a_muslimsister]

Do roth ira accounts only exist in the usa?🤔 asking from canada🙌🏻

[@rcmtv8352]

Don’t worry about it, just cross the border

[@btin1791]

Still I have a question! So do my company separately deposite Roth IRA? I can see it is deducted from my paycheck but heck I can’t find where it is depsoited to😩

[@damondiehl5637]

You are probably putting money into a 401k, not an IRA. Your HR department should be able to explain it to you. You set up and contribute to an IRA by yourself.

[@btin1791]

@@damondiehl5637 actually I have separate 401k 15% and now I added 5% Roth IRA to it. I can see my 401k on Fidelity and I do see my Roth IRA account on Fidelity too. I have start contribution for Roth IRA few months back, I have check my paystub and it's like 1.5k already deducted, but Fidelity ROth IRA balance is still 0.00 🥸

[@mr.beatthamorning]

I finally get it lol

[@DJLOUIE1000]

Can you auto withdraw monthly on these funds?

[@damondiehl5637]

Generally, yes. You have to talk to the financial institution that is holding your IRA and set that up.

[@Fatima.ameen3]

What if I plan to retire at 25 😅 do I set the TDF for that year

[@jaysmith6013]

Become a millionaire yesterday

[@Discovery123.]

FXAIX in Fidelity