4 things you NEED to know before opening a Roth IRA

[@jacksonharris1027]

This is by far the highest quality/most professional and charismatic video I’ve ever seen by a channel with such a low subscriber count. I fully expect 100,000+ subscribers within months

[@Jazzwealth]

That's too kind Jackson! Thank you so much for commenting and watching!

[@davesdroneshop9149]

I was thinking of the same.

[@tommythayer6753]

I agree, subscribed!

[@uranusplanet1226]

disagree, worth at most 15-20k subs

[@TheSpiderbat44]

@oneBAMF FYS he was wrong

[@NicholasBall130]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@StocksWolf752]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@StacieBMui]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@LiaStrings]

Mind if I ask you to recommend this particular coach you using their service?

[@StacieBMui]

Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@crystalcassandra5597]

Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.

[@ChristopherAbelman]

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.

[@JosephineKenney]

Effective personal finance management matters more than the income source, whether from a job or investments. A certified financial advisor can offer tailored guidance to reduce expenses and boost income, optimizing your financial situation.

[@FinnBraylon]

I completely agree; I have approximately $650k in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@HildaBennet]

This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?

[@FinnBraylon]

Research Sharon Lee Peoples and do your own research. She has portfolio management down to a science

[@HildaBennet]

Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

[@alfredalbert8037]

I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in our tex deferred savings.

[@alfredalbert8037]

Our Fin_ancial advisor is “ Gary Andrew Debellis “. He is a professional fin_ancial/Invest_ment advisor. you can search him up on the internet where you can get necessary info about him and as well to connect with him.

[@alfredalbert8037]

@Thomas Freddy my financial advisor is*Gary Andrew Debellis*

[@alfredalbert8037]

@Mark Tilbury I never imagined that these dividend stocks could pay me alot and obtain imaginable profits. A big thanks to my Fi_nancial advisor Gary Andrew Debellis for being my eye opener

[@jasonbellows7]

Spam

[@Dannycruiz]

@@jasonbellows7 sorry to say this mate everyone doesn't have the same mentality as you are that why you still remain stagnant in your finances

[@snilloc432]

To save you a few minutes, here are the rules mentioned. 1. Know the rules - Rules about taxation and withdrawals 2. Make it worth it - Open a Roth IRA and make it count with a deposit (max out) 3. Sooner the better - Take advantage of your tax situation when you're young 4. Choose your investments wisely - Be sure to take enough risk

[@jerryhughes5551]

So have you opened one yet?

[@itsmyhairiwear]

Collins Kiogothi thank you 🙏🏾

[@WellWithChels_]

Thanks for this!

[@ItsMikeArre]

Just a lil math for every1 5500 in 365 days out the year is only 15 bucks a day Stop going out for lunch and invest in your future retirement people social security isn’t going to around if your under 50 now

[@msalazar89]

Social security is good until at least 2090, just had a seminar about it with Lincoln financial...

[@anatorres432]

Thanks for doing the math

[@Peppermon22]

Some of us don’t have the money to spend $450 on going out to eat a month. 😫

[@basketball90340]

450 per month

[@elojony9669]

Mike Arredondo I have one question if I put 5000 it a one time payment or I have to pay every years

[@kyleslifestyle8541]

"You can put a billion in it, I don't care. Just don't go over the $5,500 limit." Not even talking shit, just saying this made my day! Lol

[@Jazzwealth]

Haha.. Thanks for watching!

[@lmaldy14]

Can I open more than one ROTH, so more than $5500/ year can be invested?

[@marshonmellows]

@@lmaldy14 No. If you are married and your spouse is not working you can put money in an account for them though.

[@tylermorrison4791]

I noticed that too haha

[@ITILII]

That statement makes as much sense as listening to Communist News Network, though....

[@trixiec4880]

"You can put in what ever you want, $10 dollars a month, $50, put in a billion if you want, just don't go over $5,500 thats the limit." huh??

[@thenman23]

that was annoyingly confusing

[@coolcat8801]

Sebastian what do you mean if you pass 5500 a month ? I’m confused

[@lilibethtorres4427]

Ranking Arizaga I believe he means by year. Depending on your income you make per year they put a cap on how much you can invest. Pls correct me if I’m wrong but I want to say that’s how it works

[@jonathancarranza8462]

@@coolcat8801 theres a limit to how much you can put in. However if you choose to go past you will get taxed

[@michaelmiller2475]

Yup…that was a dumb statement

[@YungNoDussy]

Great video with no filler and straight to the points. Subbed.

[@notcloyd1674]

Okay the thumbnail got me. I was like 4 tips? Why is he holding his hand like tha.... ohh

[@mattmartin2205]

I'm just shy of 34 come January but have no wife/girlfriend or kids. My last debt is this car loan that'll be done very very soon. I wanna start ASAP!!

[@1964corvan]

(27 now) started putting in 2500 a year in when i was 23 into an aggressive roth ira (i want 20k in by the time im 30) and by the time im 30 i wanna be putting the max of 5k a year in! and watch it grow! though i wanna diversify but i gotta wait till the next market crash to buy stocks as its crazy high now and all indicators suggest its gonna happen soon!

[@Jazzwealth]

The only problem with that is all indicators have been saying that for years. If you started waiting two years ago you need a 25% drop to make the waiting worth it ;)

[@TIB1973]

If nothing else, max out your ROTH IIRA contributions every year starting now. If you are worried about the market, then just leave it in your main account which is usually a money market or savings account. Different providers have different options. The down side to ROTH's is that you have a maximum limit you can put in each year and you can't make that up so every year you miss the 5500 you fail. of all my investments, not starting the ROTH sooner has been my biggest regret.

[@aaronc4724]

Good luck getting to the max. It will be hard. Just make cuts were you can

[@ygbodybuilder3023]

I like to see this updated with the part about taking risk because the way the market has been looking it's not safe

[@novaneteret8699]

I'm in the just getting started stage. I have started my LLC and am considering setting up a SBA with the Charles Schwab SEP-IRA account.

[@rjeffers3726]

Charles Schwab is part of the "Great Reset" proposed by the economic forum.

[@birg8356]

Just subbed! ... 28 yrs with large tax refund (changing my w4 tomorrow) was advised to start a IRA. I have a 401k and HSA neither maxed bc I work part time. This answered some questions for me. Thanks!

[@Jazzwealth]

Oh thank you so much!

[@WellWithChels_]

3:27 My mom ALWAYS says this! Start now while I’m young and while I can. Finally gonna decide to open up a Roth IRA. I feel confident I can do #1-3 mentioned in the video. But #4- Take the right risks?! This one is by far the most intimidating!! No knowledge/experience of investing and the biggest over thinker/indecisive person I know 😕

[@jaybooo123]

How is it going?

[@WellWithChels_]

jayla it’s going fine. I have about 10% in the S&P 500 mutual fund, 10% in fraction stocks. And 80% cash. I know I need to bring those percentages up, but I just wanted to start small and get use to seeing those numbers fluctuate.

[@bfaulkner9713]

@@WellWithChels_ How do you know what to invest in? Did someone mention fraction stocks, cash, etc? Are you doing the investing yourself or using someone? If yourself what company app etc are you using? Thanks for your time

[@WellWithChels_]

B Faulkner I’m investing through Charles Schwab! I googled about different IRA companies /custodian and heard Charles Schwab is good for beginners. They have a lot of articles you can read to learn more about types of investments, what to invest in, and give percentages on what to invest in depending on age, retirement, savings goals and things like that. A good IRA portfolio will have diverse investments of different mutual funds, stocks, etc. I also search on KZbin for videos like “best mutual funds on Charles Schwab” “safest stocks to invest in” etc. most IRA custodians will have the option to work with a financial advisor to help guide you but that’s another expense and sometimes requires a minimum balance so I just decided to do it myself, research, and start with small amounts of money at a time. My money has been growing!

[@alainnaranjo7700]

i opened a Roth Ira a couple of years ago. I started with 25 bucks a week and increased it to 50 after 6 months. Right now i have over 5700 on my account. I am 34 years old and i am planning on putting 70 a week soon. Looking forward to those 665k when i am 67.

[@Jazzwealth]

+alain naranjo very nice! Keep us in mind if u need help ;) and keep it up!

[@candace27co]

alain naranjo who did u invest with? I’m trying to figure out where to invest

[@CrypticOwl2173]

Im hoping to hit 80k + networth before i turn 24

[@JosephBattley1]

Cryptic_0-0 how

[@TatyanaEdgeworth]

Cryptic_0-0 how

[@andrewh3177]

Living with parents and having a job?

[@Jdb63]

@@andrewh3177 Right lol

[@bambamfantasy9554]

@@TatyanaEdgeworth you have to manifest and believe it

[@eliaspacheco2625]

?? So "I can put a billion in, I just can't go over $5500". ??

[@paganpoetprophet6441]

means he doesnt judge how much you wish to invest but but the government limits you not him

[@anatorres432]

His way of kidding

[@mr.boostang2064]

🛩💨wooooshhh

[@MultiLuispo]

I just got confused as well f, hell.

[@slipnorris5882]

# figure of speech

[@Godsdaughter530]

I am 63 and want to leave my kids money.But never worked on the books,can this benefit my family?please leave suggestions..Thankyou

[@patricktodd8044]

I just turned 18 and I’m looking into opening a Roth IRA. I’m very interested in learning more so I can best profit from it!

[@jikansojagmail5304]

Mail me directly now. I can help you

[@alrocky]

@ *Patrick Todd* Did you have a question? Do you have a (earned income) job?

[@Curtis69213]

If you work non-profit, I also suggest looking in investing in a 403B account in addition to an IRA

[@tendietime3390]

I had 40 in cash that I hadn’t even invested yet and I tried to get it out bc I got in a situation and they said I had to pay 25 to take it out and I had to verify the same bank that puts the money in there. Very aggravating

[@vanessabayardo9788]

:o I haven't gotten 403b or IRA yet but you're scaring me!

[@elainesilvas5832]

Love ur channel. Great information. Just learning about investing.

[@Jazzwealth]

Thanks for watching!

[@MP-fm2ip]

I also joined 401K from my employer. All 18% contribution per year I put into TPLGX. Hope that I will have some $$$ in 15 years when I call it quit.

[@luney3232]

I’m investing into the Vti etf in my Roth IRA

[@Rakoah]

Thanks for the insightful video. I am 24 and truthfully I’m very uneducated when it comes to money. I just learned about Roth IRA accounts a few months ago and made an account. I’ve only been able to contribute $50 a month so far because of my low income and high amount of debt. Im looking to contribute more once I pay off this debt, but should I invest more into my Roth IRA or 401K ?

[@Jazzwealth]

Very nice! Every little bit adds up! Keep at it!

[@alrocky]

Does your employer offer a company match with their 401(k) and are you contributing enough income to obtain the full match?

[@ALDOELTA]

Do you have to be working? What if someone is giving you money? Are you qualify?

[@alrocky]

You or your spouse must have a job to qualify for an IRA.

[@MoneyandLifeTV]

Very comprehensive. Love it!

[@Jazzwealth]

thanks!

[@fllrstgamer6567]

Super good super good video , very informative and educational and valuable , # Liked it very much , gave a full view and a BIG LIKE 👍

[@nadiaadelayactor]

But I’m not entirely sure which company to go through? Any suggestions? And if you have a Roth IRA account, who is yours with?

[@2inchfromtheground]

Production and quality of info are great, subbed!

[@Jazzwealth]

Thanks!

[@KayNickG]

So you have to put your roth ira money into investments also

[@Meow_Ag47]

Question can you open multiple IRAs Since the limit is $6000 per year - this way you can invest $12k 18k 24k ect...

[@alrocky]

@ *Eliza Williams* no you cannot do that. As you stated the limit is *$6,000* per year but not per IRA. If you had 2 IRAs and contribute $4,000 in one the most you could contribute to the other is $2,000.

[@joharinichols2652]

Thanks for the info! Very helpful!

[@mikeg3439]

I'm curious if I should reduce funding of my Simple IRA in order to make room on my limits to establish and fund a Roth. I like the idea of making younger me pay the taxes to spare "older me" from that burden. I have enough room in my annual limit, due to being 53, to still fund my Simple enough to take advantage of the company match.

[@willdrayton9494]

Very concise and helpful. Thank you

[@XxTheBigBadWolfxX]

I'm so glad I found this channel! Awesome stuff. Thank you!

[@Jazzwealth]

Thanks for watching!

[@lbrosas]

Can I open a Roth if I don’t have an income from an employer but I still get money from elsewhere?

[@jordankay8578]

Is 30 still considered young? I'm still pretty poor but I can cut my bad spending habits to commit and can earn commission but it's hard to with covid. Help someone. Manage $ for me

[@bratzdollbehi8084]

Most videos I’ve seen is focused on age 18 being the right age to start. It’s never to late to start if that’s what you were asking. Even contributing $100-$200 a month would be helpful in the long run.

[@jonathancajas2932]

Just out of curiosity how do you make money if we don't send you money?

[@Cordvisuals]

Thanks

[@1ofnoother]

Is there a way to qualify for Financial aid (which requires $0 income) and get a ROTH IRA?

[@rhonda205]

What’s better to have, a market or non-market Roth ?

[@donovanfrazier8645]

Should I open a Roth IRA and invest in normal stocks and ETF as well. Should I put money in both at the same time. Or concentrate on one?

[@WarwickShoreAdvisors]

If you are looking to have tax-free growth I would suggest the ROTH IRA option. Whether you invest in stocks or ETF's is up to how risky or aggressive you want to be. ETF's and Mutual funds provide more diversification than stocks. With the race to zero on commissions either way may work out for you.

[@susanh2523]

Should I get a ROTH IRA if I live in Europe?

[@EllieMandyArt]

I’m 21. Can I put $1000 bucks into it and be good? What do you mean take risk?? What is this?

[@19822cowboys]

What if i max out my roth IRA... Can i keep buying an an etf on a brokerage account??

[@insomnia9999]

Max is 6000 now

[@noddyd1917]

What I don’t get is where the interest comes from. Are we putting money into the Roth IRA which is put into stocks that we choose?

[@rickyc711]

Noddy D yes you choose investments which earn interest over time.

[@Eumabaa]

Thanks my bro, a nice service and video

[@tonysanchez7467]

Great advice excellent

[@soheylanoghrehkar4384]

I am 65 and just opened a RothIRA account. Do I have to wait 5 yrs to withdraw from that account?

[@alrocky]

No. You may withdraw *_contributions_* to Roth IRA at any time no tax no penalty.

[@chenggonglee4992]

What do he mean by taking risks? Like instead of index funds invest in single growth stocks like apple?

[@8rmando]

Phenomenal vid

[@christianvegito]

so if i got in a car crash and i wanted to take the gains from the account out i cant take them out unless im 59 or do I have to pay a fee if im not 59 yet

[@KyrstOak]

XD 4:26 You're a poet and didn't know it.

[@joelnunez9525]

LMAOOO

[@joshuapeacock17]

😭😭😂😂 I ASK THAT YOU EXIT THE PREMISES

[@sarychewa]

Can I just contribute money every month into account without buying stocks inside Roth IRA? Or no? Thank you !!!

[@rowboat0317]

Yes. I use Fidelity, and I have both a traditional IRA and Roth IRA account under the same login. Both accounts have a "core" position which is just the unused $$ that i have contributed but not bought stock with.

[@yahyaibrahim2947]

Thanks for the great video. Can I open a Roth IRA account in Europe? I work in Ireland. or what's the equivalent of Roth Ira in Europe ?

[@ramonmorales5090]

If start my Roth IRA in the fall, does that mean I only have a few months to do the 5,500$ cap? or One year from when I open the account??

[@alrocky]

The cap is $6,000. For your 2019 IRA you have until mid-April 2020 to contribute $6,000.

[@vivid2217]

Can I open a Roth if I'm an unemployed student ?

[@alrocky]

If your spouse works you can.

[@silly_goof]

I'm confused, is it an absolute must to invest in stocks for a Roth ira?

[@cynthiacynthia2390]

So you can change how much you want to invest although you’ve already started investing a particular budget?

[@iStabbedASwordfish]

You forgot to mention that you can take 10000 out for first time home buyers or first time home buyer renovations.

[@MannyWC]

Oh wow! That is great- even the gain?

[@dwash2151]

You can't put no more than $5500 yearly?

[@alrocky]

You may contribute $6,000 to your 2019 IRA and $6,000 to your 2020 IRA.

[@kevintappp]

Where do I go, to start one?!

[@richard870]

So if you're 55 why start obviously it's to late. Corrected me if I'm wrong

[@nataliazidan6229]

After opening a Roth IRA; should we buy stocks with the contributed money? - I’m assuming it’s not just contributing money right?where does tha % anual rate of return comes from? Just by opening the account or do we have to invest the money? How would be the best way to invest?thanks!

[@BobBob-mj8pr]

is there a way i can only start with $100 to open the account?

[@Jazzwealth]

Absolutely!

[@AnAverageFan]

I thought u could pull money out of a roth ira tax free if u have the account for a minimum of 5 years and its being pulled to be money used on a down payment for a mortgage

[@ravenswood118]

A Roth IRA is an empty house. I can put an investment, such as an index fund for example, in the Roth IRA. But why would I do that, if the Roth IRA doesn't grow the money itself? It's the index fund investment that grows interest. So I don't understand the point of the IRA. After all, the index fund can exist independently. Can someone explain?

[@MB-vi6wm]

no taxes with the ira account mainly. but you are right about all that stuff. It's just different mindsets i guess cause people will use ira's for long term use like retirement so I think for most people, they rather have a steady increase with no worries of taxes. But I do agress that it is totally fine to do this outside of an ira account as long as you see a positive return that would outweigh that of the ira account. And of course you will be taxed as well on the income if it is outside of an ira account.

[@pku2death]

I get confused because one person is saying one thing and someone is saying something else, but can you please clarify this question. When you say that the money is already taxed when you put it in which of the following is correct:1) Lets say you put $5,000 of already taxed income into the IRA, is it then taxed again at your marginal rate? so if you were at 25% tax bracket would $1250 be taken away making your IRA account have a balance of $3,750 OR 2)The $5,000 that was already taxed is just put into the account, and at 59.5 everything is tax free as long as it has been in there for at least 5 years, so balance would be $5,000 contributed instead of $3,750.Thank you

[@Jazzwealth]

Think of it like this.. You get a paycheck from your employer and the taxes are already taken out. Then you put some of that money into a Roth IRA. The money you put in has already been taxed so it is never taxed again. Does that make sense? Thanks for watching!

[@pku2death]

Yeah 100%. So pretty much, traditional gets a deduction up to 5500 on schedule A as an itemized deduction whereas ROTH doesn't get that, but all income earned in the ROTH account is never taxed. As someone who doesn't make enough money to itemize to take advantage of the deduction, I should always go with the ROTH IRA, correct? Thank you.

[@Jazzwealth]

Hard to say 100% without knowing more but I'm glad we cleared up the specifics for ya. Thanks for watching!

[@Unfortunatesaucer]

When does your year start? The 5500 max out is it at December 31s?t or a year from opening the account?

[@Jazzwealth]

The max contribution is from tax day to tax day. Thanks for watching!

[@alrocky]

Correction, it is Jan 1st to tax day (usually April 15) of the following year. So for your 2018 IRA you have all of year (365 days) 2018 plus up to April 15 2019 to contribute.

[@anthonyfuller9933]

How do you get paid? What are your fees?

[@Jo2lentino1981]

Hey man, am I too old to open an IRA roth @ 36 years old and have only an odd job workin as a janitor in a casino? appreciate you help..

[@Jazzwealth]

Nos sir! Thanks for watching!

[@steve99912]

Never to old to get started.

[@carlosayala6754]

Hey man, my step dad is 62 years old and he wants to withdraw his money from the electrical union, he wants to withdraw all his money is over 100 thousand. I keep telling him to open an Roth IRA account that he can just roll over his money. What is you advice roll over his money or withdraw at once

[@E6TheManiaK]

20 years old and just opened my roth

[@ladieesc0]

Which is better a traditional or Roth IRA?

[@racheldesir6612]

Roth

[@anthonylopes6399]

Is it possible to loose all your money invested and put in, in the event of a recession or economic down turn?

[@NateT092]

It may dip -20%, who knows but it always tends to recover and grow higher. I know it can be trouble some to think on but dont sell yourself short.

[@johngriffith6266]

Anthony Lopes market goes up and down. Make sure you stay the course and continue investing.

[@bobmcfishkens6443]

YOU DO ACTUALLY HAVE ONLY 4 FINGERS WOAH

[@Jazzwealth]

:)

[@namegoeshere6342]

I knew I wasn’t the only one that noticed that

[@XodustheParadoX]

watched the whole video and never noticed...

[@eldestructor01]

Dirt 117 so what's a thumb?

[@siomakahele]

Bob McFishkens He owed money to the mob.

[@hannahis813]

Subscribed. Thank you

[@Optometrynerd]

When you say $5500 is that a year or over the entire course of the account?

[@VadidElab]

My Roth IRA seems to be growing at 8% as far as I know that's about as much as I can expect outside of being an exception... Is that correct?

[@Jazzwealth]

Oh nice! Depending on your age and goals that could be just fine. Thanks for watching!

[@KnockoutInvesting]

Consider annual inflation. The true growth is less than 8%.

[@DoubleJabSlipRightHand]

@@KnockoutInvesting myth

[@e79422]

Is taking money from my regular savings consider pretax money or do they take additional taxes out when I open a Roth IRA?

[@danf6975]

For someone who isn’t about to start until their mid-40s is there a way to catch up on previous years? For the caps

[@Jazzwealth]

For 2018 yes. For previous years no :(

[@derekddurbin]

I need to talk to a person I still don’t understand I’m 31 make $160k a year and I just want to start something that makes me money I already have 401k through employer I just want something else who should I see?

[@NateT092]

Ur mentality yearly should be: 1. Match up 401k employer match yearly (wether that be 2%, 4% etc) 2. Open a roth ira if dont have one (fidelity/vangaurd/M1) , this is money that will be grown tax free and be able take out at 59 1/2. If wanna keep it simple just do a 90 index fund of total market and 10% total or us bond. Max the out 6K limit. 3. Proceed to Max out 19K limit of 401K. 4. Open regular brokage account, and buy etfs stocks etc to ur choice. It will be tax on yearly (dividends/growth) but can be something you want to live on and have no tax pentaly consequences. (If retiring early is in your goal) 5. Have roughly 2 year living expenses savings account that can live on, if stocks crash badly any time in Future. (Vivo bank /weathfront good choices). Also can hit up on HSA account as well. You sure make alot and that's best way to handle money long term imo.

[@utseay]

Strong work

[@arthurbchaney]

I am interested in speaking with you about investing. How much do you charge to talk and ask questions?

[@amechiiloabanafor1617]

Wait… do you really only have 4 fingers… cause this video edit is pretty good and is lasting pretty long… I’ve been replaying this to find the glitch to show this is photoshop but I can’t 🧐🧐

[@Jazzwealth]

Ha! That would be an intense edit and a long lasting "joke" at that. Yes, only 4 fingers on the one hand :)

[@LTNVLZU]

How young can you open an IRA roth account?. I want to open one now for my 13 year old daughter.

[@alrocky]

Your 13 year old needs earned income (a job) in order to qualify for an IRA account.

[@TheRockroll2]

You can always open a custodial/trust account for her

[@rksp2158]

I'm new to this I'm just looking for some advice but how much should I start with

[@mariasoledad5265]

rksp215 I’m new as well, I heard you can open your Roth IRA and start putting what ever you can, the maximum is $6k x year

[@kidk7052]

@rksp215 update ?

[@kidk7052]

Update?

[@johngriffith6266]

rksp215 500 a month will get you to the limit of $6k

[@rodrigolemus8639]

I wouldn’t want my investments to drop when I’m young OR when I’m old, I never want to lose money. Fixed index annuities offer you to make gains and you never lose any money

[@kmarcucci23]

Interesting video

[@DS-ub8ps]

Im not good with these things i could use some pointer

[@WarwickShoreAdvisors]

Jazz Wealth produces great videos and I'm sure you'll get great help from him.

[@SriRam-yq4id]

Vanguard Index funds are awesome for beginners with their very low cost structure. You can start from there and gradually climb up 1-step a time.

[@brightful5]

Jeremy from jersey just subscribed

[@Jazzwealth]

Thanks Jeremy! Welcome!

[@denisec3153]

question: i have a house that i will sell, I will get some money, it is tax free, if I only put 5500 per year, using that money, will that also avoid tax? I am low tax bracket.

[@Jazzwealth]

Yes!

[@funkyboogiee]

what about a solo roth 401k for a self employed business owner? instead of a roth ira?

[@benmiller6166]

Deferred comp or roth ira im putting money In equally every month should i be putting more in one or another

[@juniorcruz469]

Hey man thanks for the info. Does the traditional IRA stay tax free on REITs on dividends/earnings? I know Roth does , but can't find a clear answer on T-IRA?

[@alrocky]

Dividends / earnings are tax deferred in a traditional IRA, not tax free.

[@juniorcruz469]

Al Rocky Thanks!

[@jacquelinealicea4443]

What do you suggest if my AGI is too high for a Roth IRA? A Schwab intelligent portfolio ??

[@alrocky]

Are you familiar with a backdoor Roth IRA?