Roth IRA Explained Simply for Beginners

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[@clearvaluetax9382]

📘 My Book is Now Available on Amazon: www.amazon.com/dp/B0DSLT8SRZ Our video comparing the Roth IRA vs 401K: kzbin.info/www/bejne/rHeTZ2yuZ5yjfbs Check out our website for more details on the Roth IRA: clearvalueinvesting.com/education/retirement/

[@ethanestalilla8023]

Been putting into two different ones, one in my wife’s name and one in mine since we were 25. Do it monthly just like a bill. Tell ourselves it’s non negotiable just like a mortgage payment.

[@user-jf4vt6nb4m]

Where's the link to the video about backdoor IRA please?

[@kingdele01]

Great video! But, where is the video about the backdoor Roth?

[@hakune4724]

Please never change. Best financial channel ever! Straight relevant info, no BS, no clickbait.

[@caretchara]

i agree

[@paulki3406]

I agree he’s the Morgan freeman of financial guidance

[@brandengriffin981]

The illest!

[@KennethCatoe]

agreed!

[@mkenoly1]

Yes! Please don’t change! That was so helpful!

[@pri.sci.lla.]

Hi Brian thanks for this video! Growing up I had little to no financial literacy taught to me, so having this information so accessible is truly a gift to so many! Have a great day!

[@clearvaluetax9382]

Thank you for all the support Priscilla! I’m so happy to hear it’s helpful!

[@theoneandonly4486]

Brian when we get cut rate​@@clearvaluetax9382

[@betsyburns1825]

Brian has helped a lot of us. Taught me a lot in the last 3yrs.

[@marvellaharbin877]

Sir, 🎉 l am so impressed with the visual simple class, l have More confidence now !!!! Thanks

[@claraeyvonne]

@@clearvaluetax9382you should have a series of financial literacy videos for those of us who were never shown this. I’m sure your views will skyrocket.

[@RichardOliver-r7x]

My retirement plan isn’t just about me, it’s about ensuring my family is taken care of. Knowing I’ll have the resources to support myself in retirement and possibly leave something for my children is a great feeling.

[@AnthonyCharles-y7m]

Fantastic! Can you share more details?

[@KennethJones-y4g]

I really appreciate the suggestion. I actually needed it too, so I looked him up and sent him an email. Fingers crossed he replies soon!👍

[@8badnews]

As a Roth IRA holder I agree with you wholeheartedly

[@jbferrer3]

Do you pay taxes on capitol gains and dividends on your investments?

[@csick11]

Nooo ​@@jbferrer3

[@catrin-e3g]

I'm glad you made this video it reminds me of my transformation from a nobody to good home, $89k weekly and a good daughter full of love..

[@catrin-e3g]

My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

[@Ismailtuhami]

Hello, I'm a Doctor from dubia, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.

[@catrin-e3g]

Making touch with financial advisors like Amalia Bunker who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

[@SusanAllen-f9f]

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1,000000 net worth.

[@GeorgeFletcher-c7f]

Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you

[@ogk129]

You are my financial professor. Your content is more valuable than a college class. Ask me how I know☠️☠️

[@clearvaluetax9382]

I'm so happy these videos are helpful! Thank you for all the support!

[@DeeDeeinSacramento]

Thank you, I just opened one for my 17 year old son. I needed this video to explain to him why he was saving for retirement now.

[@clearvaluetax9382]

I hope this is helpful but you're doing a great thing getting your son started early!

[@cputt1985]

Who did you decide to go with for investing? I want to do the same with my son’s savings.

[@Shifty82743]

@@cputt1985Schwab is best imo

[@Lonewolfcrypto]

​@@cputt1985 fidelity

[@alphavariant5331]

Man I'm always excited when I receive notifications on my phone about your videos because I know it's going to be straight forward information.

[@clearvaluetax9382]

Thank you for those kind words and all the support! I appreciate it so much!

[@ЛинаТарасовак6ы]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@LucasWilliam-b9w]

The deeper your investment roots, the stronger your financial security will be in the future.

[@ChirsDaniel]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@ChirsDaniel]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@seanyiya]

I’ve watched many Roth IRA videos, this one I finally understand exactly how it work and how to use it properly. Thanks!!❤❤

[@clearvaluetax9382]

AWESOME! I am so happy to hear that Sean!

[@lucythecat12]

Because it was short simple and to the point. Very helpful, thanks Brian

[@ericbergman7546]

This is a very informative video, although I'm still confused and worried about retirement planning. I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested wisely

[@AdamLevcross]

That's completely understandable. Ensuring financial security in retirement is crucial for navigating the stock market. Have you considered working with a financial advisor?

[@John-ww2fv]

That's true. For someone with your concerns, a CFP is very necessary to help you get to where you want to be financially. You should definitely work with one.

[@ericbergman7546]

Any recommendation please ?

[@AdamLevcross]

JOSEPH NICK CAHILL

[@AdamLevcross]

He is my CFP and I recommend him to you because I've been where you are and understand your need for an open ear and also because of his expertise

[@esco617]

Thank you for another great video, Brian. I opened a Roth IRA for each of my kids to motivate them to start young. They already have 401k's going, but wanted to find a video to explain it better. Can you imagine my happiness when I saw that you had just made this video!

[@Dsawyer6692]

You’re the best! Look forward to all your videos! Need the backdoor Roth IRA video!

[@clearvaluetax9382]

I'll have that one coming! Thank you for all the support Dsawyer!

[@effenfish661]

very timely Brian, my son asked me about this last night. i told him to go with the retirement account that has matching funds, a 403(b).

[@clearvaluetax9382]

Great advice effenfish! Your son is sharp, I'm happy to hear he's getting on top of this!

[@Cook_with_mE1907]

I literally was just looking up info on IRAs and this video was the best breakdown ever Thanks for this 😊

[@clearvaluetax9382]

Awesome! Thank you for that feedback and all the support!

[@angeloavanti2538]

I started a Roth a few years ago and very happy with it. Especially since I am about to retire.

[@sophiemehrazar5185]

Which account did you choose

[@angeloavanti2538]

@sophiemehrazar5185 kind of private info...you can go online to any investment platform and pick and choose. In a Roth you can trade and fund or distribute at will. Good luck.

[@FilosofoCA]

I just started putting into my 457 Deferred plan this year and I’m going to keep increasing the amount every pay raise. I need to set up my Roth IRA

[@yesimcrazy-c2i]

Lol, finally found someone with the same thought process like me. It's refreshing. Every bonus, pay raises go straight into my 457 plan and watch grow. It's amazing.

[@FilosofoCA]

@ Yup lol recently got a raise beginning of this year and it went straight to deferred comp

[@Gwillis7]

My boy!! Thanks Brian, we appreciate your vid’s and hard work 💪

[@clearvaluetax9382]

Thank you for all the support Gwillis!

[@bffpuspin7383]

I don.t watch other financial influencer anymore because I found your videos genuine and honest compared to others.

[@clearvaluetax9382]

Thank you for all the support bffpuspin! I appreciate it very much!

[@2mustange]

Should do a followup on roth 401ks vs roth IRAs. Since that is honestly something i think people debate more now. Also look forward to the backdoor roth ira video. Just subbed and starting to consume your content (even if i know enough your lessons/videos help remember things)

[@Eckh4rt]

I've always been confused about Roth IRAs and you explained it beautifully.

[@clearvaluetax9382]

Thank you for that feedback! And thank you for the support!

[@narcoholic22]

Awesome! I’m broke. No savings. No retirement. Basically my life sucks. But I can at least start the Roth IRA WITH FIDELITY. I have a small amount of stocks with them. I saw the open a Roth IRA on the site but had no idea about it. ( clueless person) I’m gonna open one then just add a little at a time. Thank you!!!!!!!!!!

[@dm2836]

I’m 48 and in the same boat. I come from generational poverty so I don’t know anything about finances but I need to start somewhere.

[@LoversPosse]

@@dm2836You got this. A little at a time, youll see it grow a little, youll be motivated to get more money there, it grows alot and now you have more confidence about your future financial security.

[@artyomdubrovsky]

You are very honest person. God will reward you and your family. I have already knew about Roth IRA because I have been investing for more than 30 years. As soon as Senator Roth had introduced this retirement vehicle, I have started investing. Too bad they don’t teach finances in schools here. In other countries they do and many people are able to retire comfortably. Take care.

[@artyomdubrovsky]

Thanks everyone for liking my comments

[@clearvaluetax9382]

Thank you for those kind words and all the support! I appreciate it so much and hope to help people with a better retirement!

[@commercialguy2467]

I JUST watched your 401k vs Roth IRA video a few minutes ( I saw it last year, too.) I'm still waiting on that Backdoor Roth IRA video for people that make over the income threshold/limitation🤫. When will you make it?

[@clearvaluetax9382]

It's coming, I need to make it good though since it's such a technical video.

[@ringchaser4488]

I was looking for this too. You are the go to for minimum biased info regarding stocks and news

[@violet9243]

Yes, PLEASE make this video. I was just looking for it. I have not been able to contribute to my Roth IRA for 20 years because of the limitations. I never thought I’d be an allowed to do it again unless I made significantly less money.

[@victoriacousins4501]

@@clearvaluetax9382 will be waiting for it! Thank you, Brian!

[@tammiepulley7167]

Great explanation! I’m going to start converting as much as I can each year. From 401k to ROTH. Sadly I just figured this out at over 60 years old. Better late than never!

[@allenbreon1154]

Very simple to understand, thank you for directing us into the best financial knowledge without paying you. May God bless you more. As always, our gratitude for having honest advisor

[@clearvaluetax9382]

Thank you for those kind words and all the support Allen! I appreciate it SO MUCH!

[@MFlakester]

Finally someone who skips the fluff!! Thank you for the direct information. I feel like this is very worth my time to listen to. Thank you!

[@Warlord0302]

For those wondering the maximum amount you can contribute yearly. As of 2024 it is 7k per year maximum limit.

[@clearvaluetax9382]

Thank you for that!

[@denko44]

8K of you're 50+

[@BlastedBilly]

I love trading inside the ROTH IRA and not having to worry about any taxes or wash sales or any of that crap that I have to do inside my standard brokerage account. Just gotta be careful in the ROTH IRA and not get too degenerate, if you lose the money in there it's hard to build it back up because of the yearly limit that you can put in which is $6,500 now I believe.

[@thenovicewhispers]

Just opened one after taking care of some paperwork for a new job at my college. Been up all night, but I figured this is better than scrolling YT shorts and Reels.

[@Bogdanspath]

Very well explained! That’s exactly what I do - my employer matches 125% up to 6% of my salary, and that’s how much I contribute to 401(k). And then, every Friday I invest $50 into 4 different ETFs in my Roth IRA through Fidelity! Everything is automated and I don’t have to think about it 😅

[@zinzimdiya369]

Nice !

[@Bogdanspath]

@@zinzimdiya369 Thank you! 😊

[@csick11]

Welcome to the roth world :) how u liking it?​@zinzimdiya369

[@ashimasirpal2602]

Do you select which etf to invest in or fidelity invest automatically??

[@Bogdanspath]

@@ashimasirpal2602 Yes, I picked 4 ETFs(VOO, IVV, VUG, IBIT) but the investing part is automated. It's only $50 every week that I would've spent on something else anyways lol

[@travisabr1294]

The money that goes in is post tax meaning the income has already been taxed through your employment.

[@ZombieChimps]

Best financial channel. Direct & clear. I've recommended your vids to family & friends.

[@prof.stacythemoneyteacher]

Love this information. So many people don't understand the different vehicles to save for retirement and end up paying the price later.

[@zinzimdiya369]

I’m turning 32 on the 26th of October and only now doing research. I have no 401k … so I’m really considering this . Thank you

[@yesimcrazy-c2i]

No 401k, no problem. Roth got you covered. Just open an account with provider and start contributing and investing your contributions. That's all. Wishing you all the best. BTW, I'm 38 and just interested in financial literacy. Everyone tells me it's not late so, I'm telling you it's not late. Just start

[@beastg8173]

Times been tough an i know this is every where ... Im a carpenter and pay check too pay check is rough made bad money decisions been in the hole had money saved had too use it i subscribed because i think i can learn alot from you thank you man ill start mine up asap probably after the new year when the world isnt so busy

[@zaidkvex3339]

Great information I just opened my Roth IRA account with Robinhood yesterday before April 30 and they are giving me 3% march by staying with them for five years and then for being a gold member for at least one year I get to keep the 3% match, which is awesome I’m 23 years old so I hope that when I retire It will be awesome to have all the money there.

[@EmJhay-b2w]

I love your channel Brian Thank you for all of the trusted information you deliver

[@clearvaluetax9382]

That’s so nice of you! Thank you for the support!

[@rossanamenjivar2697]

What would we do without Brain? I do appreciate the simple and straightforward explanation that you provided. I always look forward to seeing your videos. Awesome work Brian ! Thank you !

[@emilyturnbough1754]

Thanks for all the great info! I love the clear, concise way you explain things! ❤

[@clearvaluetax9382]

Thank you for that feedback and all the support Emily! I appreciate it so much!

[@smlee7348]

I like and trust good honest people.... and you are one of them.... good day sammy

[@clearvaluetax9382]

Thank you Sammy for those kind words and all the support, I appreciate it so much!

[@moss787]

My workplace 401k with T Rowe Price also has an option to contribute to Roth.

[@kenarthur6253]

Great video. Brian speaks the 100% Truth on this subject

[@clearvaluetax9382]

Thank you for all the support Ken!

[@DaveSchmrdr75]

I switched to a Roth IRA in 1998. I was never a high income earner, but a good saver. I sure made the right decision! Now that I am in RMD land, it sure nice not to have the RMD requirement on this money. I know you know this, Brian, but maybe your viewers would like confirmation from a currently alive retired person.

[@BrunoDeSoto]

Your videos are always outstanding. BTW, I am an Accountant and an Economist, and I share your videos with my friends and family.

[@jensenperalta7927]

I was just researching about this 2 days ako, perfect video🙌

[@clearvaluetax9382]

Great timing! I hope this video helped!

[@xiaojuntete1187]

Definitely going to start a Roth IRA! Loved the detailed information, it was clear and straightforward. I have a question should I start this month or wait til after I do my taxes to start??

[@obrienortega6942]

Excellent video Brian! I personally have a Roth IRA and I always max it out. I stick to a 3 fund portfolio, VTI, VXUS, and BND.

[@LittleNicky007]

Brian you are SuperMan - I’m really appreciate your great financial contents every time you’ve helped lot of peoples out there including myself 👍🙏

[@josh_dammm]

Thank you 🙏🏻 your unwavering dedication to sharing such valuable information on a daily basis is truly incredible. I’ve been subscribed to your channel for years now and it’s only helped me focus on building and managing my wealth.

[@yesimcrazy-c2i]

This is so educational especially for financial dummies

[@sedeckk.7126]

Straight to the point. Thank you bro

[@tsunami6253]

I was waiting for this to be uploaded!!! 🙏

[@clearvaluetax9382]

Hope you enjoyed it tsunami! Thank you for the support!

[@j.f.562]

These videos are game changers. Please keep up the good work!

[@tinarude2485]

I come for the info everyday, Sir. Thanks for your time.

[@robert-tm3qz]

I don't usually like videos on KZbin but your video is so easy to understand thank you

[@NB-bs6zl]

I appreciate your content, and I wish I had the foresight to seek out alternative knowledge sources when I was younger with fewer responsibilities. Better late than never.

[@lahannid]

Thanks for that last bit explaining whether to put money into the Roth IRA or 401 first

[@clearvaluetax9382]

I hope it helps! Thank you for all the support!

[@motimenow]

WOW! Awesome simple and to the point, thank you Brian

[@gsignaturemessage]

I have both but I learned so much about Roth IRA over the years and it's definitely clutch

[@jeffreymbelu9718]

With one do you prefer?

[@alicealcantara5956]

thank you for this video. I have 401k at my work, My company got closed permanently. And my money not growing. Thru this video i got an idea , am planning to transfer my 401k to Roth IRA, ill be retiring next year…

[@csick11]

Don't transfer it all at once. Or u will be placed in higher bracket. Do it annually

[@mrheng562]

I just maxed out my 403b and maxed out my Roth too. So, I’m throwing some money into crypto and some into an individual stock account.

[@RexieLawrence-ru3id]

I’m a new subscriber. Feel lucky to have found you. Best explanation ever! Have enjoyed listening to your videos. Very informative, have learned so much. Thanks!

[@armaniking08]

Brian, thank you so much for educating us. I have learned so much from your content.

[@clearvaluetax9382]

Thank you for all the support ArmaniKing! I appreciate it so much!

[@Gardensings]

Very helpful video. I have known absolutley nothing about financnes for years and this is extremley helpful indeed!

[@EdwardStella-gd3wz]

Thank you Brian!

[@clearvaluetax9382]

Thank you for all the support Edward!

[@ndiphiwendlebe6024]

You're simply the best man 👏🏻much love from South Africa 🇿🇦 🤜🏼🤛🏼

[@marcusmobley5411]

Opened 1 two weeks ago, so perfect timing on this 1. Went vanguard. Topping of 2023 first, as i started it late. So will max 2024 and going forward.

[@voyagerpagoda3314]

This is very informative. You explained this better than Human Resources. Can you please do a video on ESOP. I have the 401K but my employer offers ESOP after 3 years invested. I work for a trucking company. Thanks so much Brian. I’ve been a fan of yours since 2020 during the Child Tax Credit. 😊

[@ksad10]

excellent video, very detailed and simplified.. thank you for putting and effort to make this video.. it’s a lot of work !! thank you

[@OShackHennessy]

You read my mind I was thinking about this like an hour ago

[@clearvaluetax9382]

Great minds think alike!

[@Ncendrillon]

You are a great educator Brian ☝️👍🏽

[@clearvaluetax9382]

I appreciate that! Thank you for all the support!

[@aturk1731]

You are doing gods work Brian!

[@obertosiciliano1243]

God's work is to call all to repentance

[@theresafernando9882]

Brian is the best. Best content on u tube.

[@ivanp2490]

Hey man, great explanation. This was very helpful. I appreciate the effort you put into educating people

[@clearvaluetax9382]

Thank you Ivan! And AWESOME! I am so happy to hear this info has been helpful!

[@Ryan-nq3iq]

My favorite channel. Every video is good

[@bins5823]

I just opened a ROTH IRA accoutn today and I need some tips as a beginner on which stock index, bond index, and intl index funds to invest? Thank you Brian for giving us viewers hope in this difficult times. I just turned 38 and may have started a little late but I really want to get serious in investing for my retirement.

[@alrocky]

Consider tax efficient investment like S&P 500 index fund or ETF as your core or majority investment.

[@bensure1766]

Thank you very much. For helping me & others

[@BK-qi9ky]

Totally agree. My wife and I are doing max 401k and max Roth every year. Will do backdoor once we hit the income limit. with employers match, we put $80k+/yr.

[@mansakali7276]

I LOVE the visuals in this video!

[@giannimorello7678]

Hey brian, if you see this comment i want you to know that this has helped me very much. I'm looking foward to possible 403 and 457b retirement plans being explained in the future!

[@NexalFloresBaez]

Great video!!! Many thanks! Looking forward to the backdoor roth ira video 💯

[@eversunnyguy]

Wonderfully demonstrated...nice graphics.

[@sharondao7417]

Great information! I am newly self employed and want to be sure of all of my options and this was extremely helpful. Thanks!

[@summawub]

Love the graphics. Helps me understand.

[@clearvaluetax9382]

Thank you for that feedback and all the support! I appreciate it very much!

[@vaughnmilburn6966]

Thank you, Brian. Excellent video!

[@clearvaluetax9382]

Thank you for that excellent comment and all the support!

[@hchang359]

Thanks Brian, all of your videos are excellent... so helpful and informative.

[@christaylor8337]

I just turned 50 this year so I get to put a little extra in my Roth IRA. Gotta love it. It is awesome. Also, I have rolled a roth 401k into my roth ira a couple of times. It's a good way to put more than 8000 per year into your account.

[@uzumakiprodigy9007]

Its a good video, but I think you should've included something. People often use a traditional IRA for tax deductions, so they'll put money into that. However, the limit on the Roth IRA and Traditional IRA is linked (shared). It's something that should be taken note of. Also, with a Roth IRA, you can withdraw CONTRIBUTIONS early with no penalty. This is important because the money that you put in, you'll have access to. You just don't have access to the earnings without incurring a penalty.

[@imnotgonnasay3612]

Thank you for this very clear explanation! Very much appreciated!

[@irenemaddux7768]

Thanks for sharing and breaking it down where I can understand it.

[@sjung66510]

Great straight to the point video. Thank you.

[@Littletitanz]

This video is super informative and simple. Great explanation!

[@carlapopper]

Awesome video! Great to understand. Im new to the Roth IRA industry!

[@stickyfingers02]

Just opened one a few weeks ago, maxed it out and will continue to max it out yearly. Love your videos Brian, thanks for all your helpful advice and knowledge!

[@goodvibes5666]

u r the best super explained and honest

[@bmark0610]

Brian you should mention that some employers offer a Roth 401k as well as traditional. In that case, what should the order be?

[@BrittanyFeldman-ni1qj]

Thank you I am just learning about ROTH IRA and happy to find your channel

[@JustDavechannel]

My cousin was telling me about this. It was not explained to me like this ( maybe I wasn't listening). Thanks for explaining it simple