Roth IRAs are so good that they’re probably not going to last. I think that one of these days the federal government is going to say, “Wait a second, that’s just too good of a deal,” and they’re going to yank it, so you want to get one now and grandfather that thing in. http://ow.ly/ScXbJ
What is a Roth IRA?
A Roth IRA is an individual retirement account similar to a 401k or a traditional IRA. They offer a valuable future tax break. Since they are taxed when you put money into them, the income is tax-free on retirement.
To sign-up for my Transformational Investing Webinar, click the link above.
For more information on my Transformational Investing Workshop visit: http://ow.ly/ScX3p
_____________
Learn more:
Subscribe to my channel for free stuff, tips and more!
YouTube: http://budurl.com/kacp
Facebook: https://www.facebook.com/rule1investing
Twitter: https://twitter.com/Rule1_Investing
Google+: + PhilTownRule1Investing
Pinterest: http://www.pinterest.com/rule1investing
LinkedIn: https://www.linkedin.com/company/rule…
Blog: http://budurl.com/9elj
Podcast: http://bit.ly/1KYuWb4
_____________
source
If your employer offers a matching contribution in 401K, would you still recommend Roth IRA as better investment/retirement product?
Yah its correct 401k and 403b we can take money by without taxes
If you are in a 33% state plus federal tax bracket, you can put $1500 in a traditional IRA or pay taxes on it and put $1000 in a Roth IRA. If at retirement you have attained a 100% return on you investment, you will have $3000 in the Traditional IRA or $2000 in the Roth. If you have lots of other income when you take it out so that you pay 33% tax then you would have the same $2000 as the Roth. However if you take out the IRA money and pay taxes starting at 0% and go up the scale, you will pay much less tax than you did with a Roth.
This vid appears on "Personal Finance Basics" playlist twice. FYI
It's impossible to get a 25% return
I have a multi layered question concerning a Roth . Can I start one with Scottrade and just fund it and let it grow, or do I have to actively buy or trade stocks? I Would prefer just to contribute to the max and be hands off or is this unreasonable to assume I can do? Your help would be greatly appreciated, thanks.
He said 25%. That's bullshit. You're winning at 8%. 10% is good but keep it practical and go for 5%
Hi Phil,
Thank you for your series. Question: Which account would my employers contribution go into if I currently have and contribute to both 401(k) and Roth? Also, does their contribution factor into my maximum annual contribution allowance?
Thanks!
25% a year? In what universe?
So informative!! Thank you, Phil! 🙂
The only time I hear people say 25% are usually Ponzi schemes.
15% to 25%? More like 5% to 8% .
I lost it when he said 25% ….. are we all warren buffet. lol
Realistically its more like 8% year
2000 per year for 10 years at 25% gains (compounded 12 times per year) = $88,800.78. How the heck do you get over $1,000,000???
25% wtf?