Investing in a Roth IRA can be a smart decision because it's funded with after-tax dollars, allowing your contributions to grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay taxes on it, enabling you to keep more of your hard-earned savings. I retired with $5 million.
I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.
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can someone tell me whats the difference between the "pre-tax" and "ROTH IRA" at Fidelity please?
You are a genius I love the golf course background
Investing in a Roth IRA can be a smart decision because it's funded with after-tax dollars, allowing your contributions to grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay taxes on it, enabling you to keep more of your hard-earned savings. I retired with $5 million.
Is there any benfit of doing both 401K and a Roth IRA?
I made this mistake for 5 years
😂😂😂 the ? Im new
Where is she?😊
I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.
I contribute into my Roth IRA, it pulls from my account automatically….how does someone invest into it?
But can i loose my money by investing vs just leaving it in a cd account?
My only question is, why is the Roth IRA account necessary? Why not just invest money that’s in a savings account into the same thing?
I just learned this the other day 😭 it was just sitting there lmao
I’m favoured financially, Thank you Jesus $34,000 weekly profit regardless of how bad it gets on the economy
How do i invest
If a stock or fund i invested in has underperformed, can I reinvest the funds into something else instead. Or will I get a penalty for that?
Viv, what do you think about the "backdoor Roth IRA"?
I did not know this and I’m ashamed to say how old I am. I know now. 😊
How tf is this not blatantly obvious? I’m confused?
You say investment times which you don't say what's wants to invest in A lot of people lose money. Remember two thousand a week 2008
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Bruv there is no way
Do I call fidelity to do this? I pt 250 to300 a month in company it's I didn't know I cud invest it in stocks & mutual funds
Just ask they have ones they can pick for you if u don’t know . and they give a return on ur money
U need to invest it LOL
Dub
Come over to my house and help me retire please