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investopedia.com
When Not to Open a Roth IRA
Depending on your current earnings, a traditional IRA might offer more tax relief in the long run—and be a better option—than its counterpart, a Roth IRA.
5 months ago
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257K views · 2.6K reactions | Here are 4 steps every 18 year old should do if they want to become a millionaire 💵1. Open a Roth IRA2. Learn 1-2 high income skills and do whatever it takes to earn an extra $20 a day.3. Use that extra money to invest in the S&P 5004. If you develop a good habit and max out your Roth IRA every year, by the time you’re 59.5 you’ll have around $3.7M and all of that is tax and penalty free.-SteveFollow @calltoleap for investing videos!Follow me @calltoleap to
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Everyone talks about the benefits of starting a Roth IRA, but few show you how to do it. Check out my video for a step-by-step guide on setting up your Roth IRA 🔥 Have more questions about starting a Roth IRA? Comment “INVEST” or tag a friend to join my next beginners investing livestream on Tuesday! 🙂 1. Google Vanguard, Fidelity, or Schwab 2. Click Open an Account 3. Go to dashboard → transfer → set up monthly recurring deposits 4. Buy shares of S&P funds each month and dollar cost average 5
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