My Roth IRA Investing Plan (Growth Now, Dividends Later)

[@DannySully]

What approach do you take with the Roth IRA? - Enjoy! Below are other videos I created that you may find helpful: Best Growth ETFs (VUG vs SCHG vs QQQM): kzbin.info/www/bejne/iWmVoaCkipaNnbMsi=Pspdx4psDAUaZ311 3 Best Fidelity Index Funds For Roth IRA: kzbin.info/www/bejne/q2acZJmjrct4r5Ysi=iNFzp9yNaWpkBkdf Ranking The Best S&P 500 Index Funds (To Own For Life): kzbin.info/www/bejne/anW0XoFvfp6piNksi=Uk6wcMf0YDprS8RC My Dividend Income Investing Plan (Income vs Equity vs Growth): kzbin.info/www/bejne/anW0XoFvfp6piNksi=Uk6wcMf0YDprS8RC For more, please consider subscribing and checking out the videos on my channel, I appreciate your support a ton!

[@briand6867]

Cover the traditional IRA back door for us that make too much to deposit into Roth.

[@DoughRollers-tb5li]

My Roth currently has a third each of VOO, SCHD, and SCHG. I plan to re balance at 60 into SCHD, DGRO, JEPI, and JEPQ to live off of dividends.

[@AsandeMonwabisizondi]

Vert nice! You understand how to play the game for long term success.

[@Iamjacob-x3o]

Right there with you! What's your weighting on the positions? For me VOO 30%, VIG 20%, SCHD 20% and 30% individual stocks. Trying to keep building up the ETFs forever.

[@shaquaan]

Would it be sensible to mirror these sets you mentioned. I'm looking into it.

[@DoughRollers-tb5li]

my approach is fine over the long term, most important thing is to get started and build your income over time to continue compounding as time goes on. I did put in 100 grand years back and kept reinvesting, well diverse, now it's value over five hundred k and increasing.

[@shaquaan]

I feel pretty bad for not understanding how this works, I've a double major in economic but I struggle to get this right. Kudos!

[@anthonypayne8106]

Great video Danny!! I'm celebrating a $3M Dividend portfolio today. I Started investing much time and money into this. I am also with the right Investment Advisor, who handles my portfolio and executes my trades. Now I have steady dividend income and time for my family as well. ❤✅

[@veliadisrosasjr1647]

Amazing!! I have Liquid $500K from inheritance I Need to put into stocks, but I want to ensure good profits & safety. With tons of Advisors now, how did you find the right Investment Advisory?

[@anthonypayne8106]

sincerely speaking i work with Essmildaa Morgan , and will continue to buy and trade. I will stick to her guides for as long as it works.

[@veliadisrosasjr1647]

Thank You, I Looked her up, I can see her profile here on the web, will send her a well articulated mail. I hope she finds time in her schedule to help me.

[@donaldwilkerson9273]

Congratulations in advance on your retirement. Essmildaa Morgan is finally getting the popularity she deserves and this doesn't come as a surprise.

[@A_man_not_your_man]

Great video! My Roth IRA used to consist of dividend stocks and ETFs but I eventually consolidated into SPY for long term growth and share price appreciation, and so I could sell covered calls and not worry about income tax.

[@DannySully]

Love to hear it! Could not believe I had a bond fund at such a young age with it doing nothing but less growth haha. Thanks for watching, I appreciate your comment!

[@a32tl]

Excellent content.

[@DannySully]

Thank you!

[@diogenesaraujo6869]

So, Danny, I realized I made the same mistake and allocated JEPQ and some SCHD. I still have some other stuff, but thanks to your tip, I'll sell them and allocate them towards Jepi and Similars.

[@DannySully]

Hey! Thank you for watching and ongoing support for my content. I'm glad to hear that this video has helped. If you have any content requests, please let me know!

[@thehousingvlog7034]

Great vid! I agree that the Roth is best suited for growth. I keep my dividend and REITs in other accounts and just cry about the taxes 😂 I do have some SCHD in my ROTH just in case I do not want to sell all my assets when I'm 60. Maybe that portion could cover a bill or two who knows what will be the case in 30 years.

[@DannySully]

Thank you! And definitely get that, it comes down to a personal choice but that's great you have the intentions in mind. I plan to slow transition but definitely not for awhile! Thanks for watching my content :)

[@thehousingvlog7034]

​@@DannySully You've prompted me to do more research. Thanks, Danny!

[@chipsammich2078]

Can i give you a scenario id like some feedback on.. I'm having a tough time figuring out. 1. I max out my Roth 401k with employer match yearly (Heavy in dividend stocks limited on choices through the employer) 2. I max my Roth IRA (yearly) 100% SCHD 3. No spouse 4. NO DEBT 5. I have 100k sitting in an individual account with Fidelity i have no idea what to invest in? I'm thinking VOO But idk? What would be your recommendations for a guy 42 to get the most out of that 100k, I'm done 100% working at 60

[@isidrorenteria8198]

Love the video Danny. Alot of your recommendations throughout the time I've had my Roth IRA I have in my portfolio. With the market fluctuating my investments have dropped but at the moment it's in profit. If im not mistaken you mentioned that you dont own SCHD in your Roth, is there a specific reason why you dont? I just purchased VAW in my Roth IRA and have my SCHD. Except for both of these ETFs, my portfolio is nothing but Index Funds.

[@DannySully]

Thank you very much! I really appreciate that. And yes that is correct for SCHD, because of my age I don't need this in my Roth IRA. I prefer only for what can bring the growth. SCHD is more stable than growth. Although a great way to diversify, throughout the video I mention at my age, the growth is far more important. As I get closer to retirement I will slowly transition to dividend, stable investments but right now I don't believe it will help me as much as a standard stock market fund. Personally choice though! My next video i'm going to cover this in more detail as well.

[@punisher6659]

Great video. Its been forwarded to others.

[@DannySully]

Thank you very much, I really appreciate your support!

[@jaymowis]

Hi Danny! Why do you do FXAIX in Roth and VOO for your taxable account? I don't fully understand the difference or how an ETF is more tax efficient

[@AndyKicklighter]

What % would you recommend between small cap, mid cap, large cap, international, and SP500?

[@darwintortoza169]

Hi, Danny. Great video. I have a question, why do you have FXAIX and VOO? I have FXAIX in my Roth IRA account and SPLG in my brokerage, just because I started first the brokerage but I don’t add more money to SPLG. Is there any reason for you to have both? Is there any advantage ? Thank you in advance.

[@DannySully]

Hey! Great question. So the index mutual fund is in my roth ira because of the features fidelity offers with it. They're not huge differences but I also started with this index fund a few years ago and the returns are similar to ETFs. I recommend ETFs for brokerage accounts because they are considered more tax effiicent. Although index funds this is not a huge concern, ETFs overall in brokerage accounts is the way to go all around (my opinion at least). The FXAIX for me is a personal choice i just prefer.

[@darwintortoza169]

@@DannySullyGood. Thank you, Danny.

[@diogenesaraujo6869]

Great video bro.

[@DannySully]

Thank you very much!!!

[@ChuckConnNYC]

Agree to a point , but I think of my RIRA like I think of my 403b, it can’t all be voo and qqqm - some Schd will balance it out to ensure it won’t drop too hard when we eventually see a huge drop I have 25 years and hold no bonds in either for what’s that’s worth (def not risk adverse) RIRA = VOO 50%, SCHG 20%, SCHD 20%, VGT 10%

[@AndyKicklighter]

It doesn’t matter if it drops a lot if you’re not touching it any time soon since the market will bounce back and grow even more

[@ChuckConnNYC]

@@AndyKicklighter it absolutely matters how much it drops. Source: tech from 2002 to 2012

[@Ranger704]

Any opinions on investments with 5 to 7 yrs to invest?

[@xaviertorres6301]

Sooo I shouldn’t have a portion of my portfolio in bonds rn? I’m 20

[@HenryLopez-uw6hy]

What someone like me who’s 46 and just opened my Roth IRA 3 years ago? I only have FSKAX. I’ve been thinking about adding FSPGX, though.

[@JohnDAlmonte]

I think it’s important that investors decide early what type of investor they are. If they are growth investors, they need to know that they could see red for months or even years. For me, it took a toll and made me want to sell some investments at a loss. I found out later in life that I sleep much better as an income/dividend investor. I like seeing weekly, monthly, and quarterly dividends compounding. I also prefer a buy and hold approach. I plan to keep my investments for life.

[@jaunt3603]

Did you stress test your plan?

[@Wutitdo2u]

So why do u use fxaix u didn’t say that?

[@DannySully]

Hey! Great question, the S&P 500 is majority of the total stock market index fund. I prefer large, mid, and small cap instead of one total stock market. Either approach is similar. Did this answer your question, sorry I am a bit confused what exactly you mean.

[@Wutitdo2u]

@@DannySully so does the one u invest in have better returns in the past? Trying to figure out if I look into voo or something else. Is there something other than voo that tracks like fxaix other than voo?

[@toyarj37]

I’m confused as to why you feel Schd shouldn’t go into a Roth IRA. It makes no sense. It’s an asset you don’t have to sell but will be able to live off the dividends. People who think like this don’t use jobs properly. You should be adding the full amount to a Roth 401k and vesting for 3-5 years and leaving and rolling that money into the Roth IRA. You would have plenty of money to invest into a Roth IRA but y’all wanna stay at jobs forever.

[@abinlukasabraham]

Schd gets qualified dividend so take the tax advantage in normal account. Still Not a bad move but growth tax is going to be a killer when selling in huge amount when retiring, which you can avoid in Roth Ira.

[@nightdonutstudio]

Schd is also good in roth ira. But if technology is still the future and keep booming. Growth oriented etf can gain more money than schd. There are etf purely focused on technology. For the past year which techonolgy is booming, the price return can reach 40-60% for the past year where schd with dividend is about 30%. But on contrary in 2022 those growth etf performed the worest. So it is more risk. But again the purpose for roth ira is do not sell it until age of retirement. So assuming American economy is not collapse in the future 20-30 years. Overall growth etf should give more return than a safer etf.

[@dewy6644]

Can you make a 401k video? I can’t invest into an IRA because of my income.

[@DannySully]

An IRA you have the ability to invest however you want. If the income is too large you can contribute to a traditional IRA and doing things properly, you can backdoor to a Roth IRA. Something to look into!

[@AndyKicklighter]

By backdoor roth, you would just max out a traditional IRA and then immediately roll it over into a Roth IRA and pay the taxes

[@dantesantoyo3460]

@@DannySullymake a video about this process please! People mention it but don’t show the steps

[@dewy6644]

@@DannySullyI had no idea that I can invest into a traditional IRA. I thought the income limit applied to all IRAs. Thank you.

[@AndyKicklighter]

@@dantesantoyo3460 you may want a professional to help, but essentially, you max out a traditional IRA, then immediately direct transfer it to a Roth IRA and pay the taxes. Do it each year