#HeyHogan: Roth IRAs, 401(k)s, and Retiring Early

What is the best type of investing account for teenagers? Should you put money in mutual funds outside of a retirement account? And what does the word "Roth" mean? You sent your questions in, and I've got answers! If you have questions, talk with an investing professional you can trust. Our ELPs will help you build a retirement plan and reach your financial goals! Find an ELP near you at https://www.chrishogan360.com/endorsed-local-providers/?ectid=10.27.3710. ★ GET MORE INSPIRATION FOR RETIREMENT ★ Twitter: https://twitter.com/chrishogan360 Facebook: https://www.facebook.com/chrishogan360 https://chrishogan360.com

Comments

1. Who is this guy?  What is his credentials?
2. Im 25 and planning on using my tax return that is coming up. Doing this to get started and increasing what i put into retirement from there.
3. Chris, what does it mean to max out a 401 (k)? 2:05
4. Folks invest in IRA,Roth Index funds it will out preform a manged mutual fund .
5. The only caveat is that you need earned income to contribute to a Roth IRA. Contributions are limited to $5500 or your earned income, whichever is less. So the teenager would need to have income from a job to contribute to a Roth, otherwise mutual funds are a better option. Also, they should consider saving for college instead of retirement, but a Roth can be a good option for that too.
6. I'm 20 and my fiance and I are ready to get started on our retirement savings!