4 Mistakes People Make With Roth IRAs | Jazz After Dark

[@hzam377]

Good stuff as always Dustin Thank you 13:16

[@KeeptheChange41]

Love the FAR/AIM in the back, good read.

[@lewharmon4253]

Cheers! Love the advise.

[@CraigNAnderson]

Cheers! From my family, to yours

[@CBreckinridge]

Thanks Dustin

[@martinguldnerAutisticSwanGuru]

I placed new money from 2022 contributions in my Roth IRA in ETFs that do cover calls on Market indexes s&p500 NASDAQ 100 Dow 30 Russell 2000. Covered call exchange-traded notes on futures of Gold Silver and West Texas Crude. I did this because I got tired of losing money what the other ETFs that I already owned and wanted to generate a little bit of income. I used that extra income to buy more shares of ETFs that I already owned before doing this strategy.

[@brucesmith6868]

Thanks Dustin I got started late and your growth advice has been spot on to help me make up for lost time!!

[@KA-NV]

3:20 the information starts

[@davidmclifton1]

The only thing I think missed here is if you back door the Roth you have a 5 year rule, because it’s a conversion.

[@marcusg2553]

Growth, Growth, Growth...😑 Other then that good advice.

[@shaunbeauchemin8985]

Can you withdraw from a company sponsored roth IRA in the first year. I was told I couldn,t?

[@WillingNAbelVids]

127k subscribers isn’t small time. If you want the content advertised on title 4:20 no joke

[@bluegillmich]

First time i took money out of mine this year, I was on medical leave ( not work related) and it was only $600 but i got a statement from my Roth. I am hoping not to pay taxes on it.

[@deskubrir]

You shouldn’t pay taxes if your Roth contribution was higher than $600. Now, I’m not sure if these $600 qualify as “income” in case you were right below the next income tax bracket that would trigger additional income tax. That’s a question hopefully someone can answer.

[@youngjedi5599]

I think you can only take from your Roth after 5 years and only what you contributed.

[@deskubrir]

@@youngjedi5599 You can withdraw your contribution anytime tax-free, penalty-free. The 5-yr rule applies if you withdraw earnings (subject to taxes and penalties depending on the reason for the withdrawal), also the 5-year rule applies when you transfer from a 401k to a Roth IRA.

[@bluegillmich]

@@youngjedi5599 sure seems confusing, i believe you can take money you contributed any time( even before 5 years ) Just Not any profits from it- i shall find out soon

[@fluffhead917]

You can definitely withdraw any amount up to what you actually CONTRIBUTED to a Roth.. anytime you want, tax free.. 🍺

[@Choppus13]

Jamison and ginger ale

[@jwdepriest]

Still waiting on Inflation Reduction Act video…

[@KeeptheChange41]

How do you feel about selling calls in roth?

[@MatthewBuntyn]

That's a strategy that he uses with some of his clients

[@fluffhead917]

You need to emphasize that when you’re talking about withdrawing from your Roth, you can only withdraw up to the amount that you’ve actually CONTRIBUTED.. without any penalty..