10 Reasons Why I Love The Roth IRA (And Why You Should Too)

http://www.biblemoneymatters.com/10-reasons-why-i-love-the-roth-ira/ The Roth IRA is a great place to start investing if you're a newer investor. Here are 10 reasons why I love the Roth IRA. 1. Tax free withdrawals at retirement 2. Withdraw contributions at any time 3. No age limit for a Roth IRA 4. Good way to diversify tax treatment 5. Most people are eligible to contribute 6. Perfect for procrastinators like me 7. You can use it to save for college or a home without penalties 8. The Roth IRA can secure your golden years 9. A Roth IRA will usually have more investment options than your company 401k 10. Easy to open a Roth IRA Find more great content by visiting us at http://www.biblemoneymatters.com Follow us on Social Media: Facebook: http://www.facebook.com/biblemoneymatters Twitter: http://twitter.com/moneymatters Pinterest: http://pinterest.com/moneymatters YouTube: https://www.youtube.com/user/biblemoneymatters

Comments

1. Great advise I think the same way I have been taking advantage of Roth Ira since 9 years. I have 37 more years to go. Compound interest is a powerful tool.
2. What if I make too much to have a Roth IRA?
3. Thank you.
4. Thanks for the info... you made it fun and simple for everyone to understand.
5. Just wanted to say thank you for making this video. I'm 23 and as a youth there is definitely a lack of exposure to our generation about investing and personal finance. Again thank you. Especially the piece at the end telling how to start.
6. One thing I don't understand is when you say once you open a Roth IRA you put in 'index funds' or 'higher cost options'....do you not just put in money into an account?
7. hi  thanks for this video. very informative. but you did not speak about fees or commissions in this roth ira.  please if you have a roth ira already and it seems you have one, make a video about fees. that is very important subject.  all the videos i watched speak about how great this roth ira, but fees is the most important one in my opinion. thanks
8. at 2:30 you say you could take out your contributions you are right. However if you have a traditional IRA and a qualified HDHP (HSA qualified plan) you could transfer out any amount (basis & gains) and spend it tax free for the medical bill from the HSA by means of transfer from the IRA. Your info is good, but just wanted to point that out.
9. This dudes passing on good knowledge. Who cares if he's in a car or on a toilet...
10. I skipped watching this video because it was done in a fkn car
11. @Office Daily - Regarding why this video was done in a car - My guess is that he has small children and the car is the only place he can find QUIET. Just a guess.
12. Sounds like a good plan.... So someone can pull out all the interest to buy a home if it's ones first time buying?
    
    That sounds like a good deal :)
    
    You said up to 10k?
    
    
    So.... The max is 5k yearly to put in the ROTH?
    
    I'm just trying to figure this out... I'm thinking of maxing the Roth... Then taking out the interest on a down payment for a home.
    
    Also.... Can you take the contributions out whenever you want with no charge?
13. Why is this video done in a car?
14. looking to transfer my deffered comp 457 over to roth ira
15. UP THE IRA!
16. I have been thinking about diversifying between Roth and Traditional due to tax rate uncertainty in retirement. It may be my best option. Probably a Roth for me and a Traditional for my wife.
17. So, it was nice to have you read the benefits.  I can do that myself.  Don't pretend to be some sort of expert, kiddo.
18. This is a great video that covers the basics of the Roth IRA well. I'm 23 and opened a Roth IRA last month after reading a book by Suze Orman. Now that I have a Roth IRA, I'm constantly doing research to ensure I'm making wise investment decisions regarding the money that goes into it. (For instance, how to analyze mutual funds.) Realizing that I know virtually nothing about investing and that it's up to me to inform myself is a big eye opener. It's been a challenge to educate myself, but as I learn more it's slowly starting to make sense.
19. You can still have a Roth even if you're past the income limits. There is an IRS loophole, anyone can still do a conversion into the Roth. So, if you make too much to contribute, open up a Traditional IRA and contribute up to $5500; then transfer the funds over and get ready to invest.
20. when you say if you take it out before retirement, i think more accurately stated would be if you took it out before age 59.5. I believe that is right. Some of your 10 reasons also apply to the traditional IRA as well. 5, 6, 8, 9, 10.