Roth IRA Explained Simply for Beginners

[@clearvaluetax9382]

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.

[@8badnews]

As a Roth IRA holder I agree with you wholeheartedly

[@jbferrer3]

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

[@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!

[@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!

[@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!

[@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!

[@angeloavanti2538]

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

[@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!

[@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!

[@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!

[@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!

[@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!

[@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.

[@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

[@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!

[@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! 😊

[@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.

[@daveschmarder-1950]

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.

[@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

[@Gwillis7]

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

[@clearvaluetax9382]

Thank you for all the support Gwillis!

[@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!

[@gsignaturemessage]

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

[@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…

[@kenarthur6253]

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

[@clearvaluetax9382]

Thank you for all the support Ken!

[@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!

[@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 !

[@aliatianna7809]

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

[@BrunoDeSoto]

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

[@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.

[@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!

[@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)

[@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!

[@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!

[@ZombieChimps]

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

[@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.

[@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.

[@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.

[@jensenperalta7927]

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

[@clearvaluetax9382]

Great timing! I hope this video helped!

[@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 👍🙏

[@ndiphiwendlebe6024]

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

[@sharondao7417]

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

[@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.

[@sedeckk.7126]

Straight to the point. Thank you bro

[@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!

[@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.

[@jesuscampos8134]

My work offers 401k and ROTH so im doing both through my work and maxing them out every year.

[@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!

[@nickbeatty9704]

Thanks Brian. This was good timing. I have been putting 5% into my 401k for the company match (unable to do more at this time) but my company actually offers the same match on Roth contributions, so I am switching my contributions over to that starting today

[@alrocky]

For most people who contribute to Roth 401(k), the company match goes toward their traditional 401(k) balance. If you contribute to Roth 401(k) and if your company match goes toward Roth 401(k), you will pay the tax on that company Roth 401(k) match, so there is inherent advantage or "free lunch" here.

[@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!

[@blexaarron]

I’m 100% VOO in my Roth. Buy, Hold, and Chill.

[@SweetsXify]

What if I have fidelity?

[@sneakykicks7504]

@@SweetsXifyyou can still be in VOO with fidelity

[@issuesinme3006]

Same, but with VTI

[@JustDaveslots]

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

[@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.

[@robert-tm3qz]

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

[@theresafernando9882]

Brian is the best. Best content on u tube.

[@rawrfishing]

If you maxed your roth 401k, does that prevent you from adding/having roth ira?

[@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!

[@BigTex45]

Is there much difference between this and a Roth 401k? My employer has a Roth investment option so I do that vs. the traditional 401k.

[@BrittanyFeldman-ni1qj]

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

[@j.f.562]

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

[@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

[@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. 😊

[@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!

[@EdwardStella-gd3wz]

Thank you Brian!

[@clearvaluetax9382]

Thank you for all the support Edward!

[@Ncendrillon]

You are a great educator Brian ☝️👍🏽

[@clearvaluetax9382]

I appreciate that! Thank you for all the support!

[@charlesheavilin5324]

What can you tell us about a cash value life insurance policy ? Please and thank you

[@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!

[@teachlegalt.v.950]

It’s even better to open up a self-directed IRA then you have investment choices like Real Estate.

[@Brianclark7]

110% doing this. $400k. I have $300k in self directed. I make money by purchasing properties. Short term rentals here in Florida. Makes money for an LLC. Tax benefits. So good.

[@Strategory76]

In my opinion, the Roth is especially better than 401k for younger people. #1 Investments will grow more over time and tax benefit at the end will be higher. #2 Early in career not earning as much compared to later in career and upfront tax benefit not as beneficial or needed.

[@sonyau2682]

Thank you so much I’m a single mom and I want to save for my special needs child when I’m no longer here …

[@Portalfield11]

Let’s dive into specific sectors. Which industries do you think will be most affected by the 2024 election? While these politicians are rallying thinking of their own bread these periods are the best for making significant progress in the different markets.

[@Emma-k9l]

@@Portalfield11 I think tech could either boom or face stricter regulations depending on the administration. I’m also watching healthcare closely, as well as newly listed token in the blockchain.

[@joelr1112]

You make it so simple to understand, thank you

[@OShackHennessy]

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

[@clearvaluetax9382]

Great minds think alike!

[@hchang359]

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

[@Zero-9909]

Good info, the hard part for me is knowing what to invest in

[@imnotgonnasay3612]

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

[@eddiego8044]

Amazing explanation ! Waow so simple and straight to the point 👉 Thank you so much It's always to infor yourself more .

[@robertmcnealey4789]

Thanks for the info. What's the minimum amount of money needed to open up a Roth IRA?

[@Yatsuka_Kyo]

This is an unlikely hypothetical but what if I contribute the max amount at the beginning of the year and then sometime during the year your income goes above the limit unexpectedly; such as winning the lottery, getting lucky in stocks or crypto, or a pay raise at your job? What are the tax implications regarding the money contributed that year? (A hypothetical problem I would like to have.)

[@aturk1731]

You are doing gods work Brian!

[@obertosiciliano1243]

God's work is to call all to repentance

[@Ryan-nq3iq]

My favorite channel. Every video is good

[@elnoraabduqadir2297]

Great video Brian! Could you please make video how to roll over old 401k from past employer to Roth IRA. If not what is best way to move old 401k? I appreciate your help.

[@anntrope491]

Thank you for this information,& for keeping it simple to understand… beautifully done !!

[@nikc.4113]

THE. BEST. FINANCIAL CHANNEL ON KZbin! MAY GOD BLESS YOU ABUNDNANTLY!!!🙏🏽💝

[@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!

[@NexalFloresBaez]

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

[@carlapopper]

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

[@VB-xb7fs]

Some older folks don’t have 30 years of growth left and if they are at their peak earnings, paying an effective 40%+ tax rate then it makes sense to go and use one of the pretax retirement accounts

[@Loi_of_Earth]

OMG THANK YOU, I would like to know how loophole roth IRAs work. Can you also demonstrate what people should do once they have a paycheck increase that exceeds that income limit.

[@publiccomments3140]

Brian, please make back door Roth IRA video. Thanks so much.

[@mansakali7276]

I LOVE the visuals in this video!

[@SamiFknLicious]

Brian is the MAN!!!

[@ryananderson6321]

Spot on. The earlier the better. If I was a parent and had a teenager of working age, I would tell them once they get a job and have earned income, put that in an IRA and I'll match it till their contribution limit is hit or if they hit it just give them the cash back. Reason being I think it's just so important to start early and have the mindset ‼️

[@tsunami6253]

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

[@clearvaluetax9382]

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

[@nan7330]

Brian, Please make a video about backdoor roth IRA!

[@Surfer6176]

More videos like this brian i love this im going to open up a small bussiness every tax help is much appreciated 🙏

[@adrianmoore2750]

My wife and I married last year, and once we pay down all of our debts this hear, we will be putting as much into our roth as possible before the deadline, and next year we will be Maxing them out, and moving our 401ks down only to the 100% match level.

[@tel5690]

Brian Great video I have 2 Roth IRA As of now and will have a pension with law enforcement as well Better to stack as much as you can these days. I wish this video was available 30 years ago.... damn

[@f430ferrari5]

Roth IRA started I believe in 1998. Max contribution was 2k back then also. Roth 401k started 2006.

[@clearvaluetax9382]

Great job stacking, I'm sure you'll be SO HAPPY you did when you're in retirement! Thank you for the support and I wish you a great day tel5690!

[@jbferrer3]

How can you have 2 ROTH IRA? That doesn't make any sense??

[@f430ferrari5]

@@jbferrer3 sure it does make sense. Just Google. You can open up one with Vanguard and another with Fidelity. Just don’t exceed the max contribution for any one year.