► Open a Roth IRA with Webull and get up to 12 FREE stocks (*limited time deal):
In this video, I am taking you step by step through how to open up a Roth IRA retirement account and start investing for beginners. A Roth IRA can be one of the smartest tax advantaged accounts to use, and I’ll give you actionable steps to get started today! This video will be life-changing if you implement the steps I go through.
► Create a free Coinbase account and get up to $200 in free crypto:
If you want to retire a millionaire, investing can definitely help get you there. Though past performance doesn’t equate to future performance, any seasoned investor knows that the stock market has provided a lot of wealth for those who put their money into it in the past. I personally max out my retirement accounts because I love that they have such big tax benefits.
We’ll go through what these benefits are, who can open a Roth IRA in 2021, and the income limits. Then, I’ll take you through M1 Finance, which is one of my favorite platforms with a stellar Roth IRA account. I’ll do a walkthrough of the app and how you can use it. This will be a comprehensive tutorial on how to start a Roth IRA today.
I am not a financial advisor so please take this video for entertainment purposes only – invest at your own risk and do your own due diligence before investing in any stocks! Happy investing and I’m rooting for each and every one of you to build long term wealth.
If you enjoyed the video, please consider liking and subscribing for more videos like this. Also, consider using my links above if you’d like to support the channel. The whole point of this channel is to inspire and educate people to pursue non-traditional sources of income and build wealth. Thank you for watching!
-Charlie
And if you want a FULL beginner’s guide (this is a 1 hour long FREE course I made), watch it here:
My Investing Strategy For 2021:
My Journey from $800 to $86,000 per Month [Millennial Entrepreneur]:
#RothIRA #Tutorial #StepByStep
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!
In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.
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Who else thinks the Roth IRA is one of the greatest retirement accounts in the world?
► Open a Roth IRA with Webull and get up to 12 FREE stocks (*limited time deal):
https://a.webull.com/i/CharlieChangExclusive
Whether it's 1M or 10M, with an average rate of return of 10%, David Marvin Willis, you can run the numbers. Even with a 5% growth rate, you can still calculate. Now, let's consider all sources of income, including Social Security and a pension possibly, David Marvin Willis. Put it into a pie diagram. Done.
I put money in a Roth IRA through Webull , but don’t really understand what to do next
Hi thanks for the video, I see you just made a one time 1000, don’t you have to make a recurring contribution instead? And keep buying?
is it advisable to create a ROTH IRA account if one is on temprary visa in United States?
Hey thanks for this valuable information, I wanted to ask , although I understand that best practices will always be to contribute max each year, is it mandatory to contribute a minimum each year? Or I could go a year without contributing? Besides that, if I have savings that paid taxes abroad can I max the contributions from last year before April 15 and also max contributions for current year all at once? I do have w2 since November 2022 so technically I’ve already pay taxes
What if because you're just learning this valuable information, you don't start the ROTH IRA until age 60? Would retiring at 65 be okay for me financially
Super helpful. Thank you 😊
It would have been but yaal fucked it up now yall scremvling the desperation is TRANSPARENT
Long term investing is dollar cost averaging on the way down and up. When its down go heavy. When its back up invest your normal weekly/ monthly.
wonderful explanation and willing to invest in with this M1 investment plat form.
What’s the difference between opening a Roth IRA WITH A BANK VS OTHER LIKE FIDELITY.?
I just signed up with M1 but still unsure if a Roth or Traditional IRA makes sense for me at 66 yrs old.
What about international stocks?
Thank you!!!!!
question, what happens to the dividends? does it automatically get reinvested or does it get paid out with penalty?
One of the best IRA intros
What is the best strategy to enter crypto trading now for someone with more or less than 35k
New to this, when it comes to investing in stocks, should we be concerned with a recession or a major stock drop? Should you invest in companies that are currently high if there’s a chance they drop dramatically and don’t return? Is that just a risk you need to take
What happens if if the market is low. Will the money I put also go down???
but… when I turn 59.5… so exciting 🙁
I am 60 y/o retired still with TSP will do rollover to ROTH IRA soon. Question ?.. Do I still need to make monthly contribution to ROTH IRA?
the SD ROTH IRA IS THE REAL BIG INVESTMENT VEHICLE TO CREATE GENERATIONAL WEALTH QUICKLY