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5 Costly Roth IRA Mistakes

5 Costly Roth IRA Mistakes

There is no question that the greatest investment tool that exists today is the Roth IRA.

Especially if you are a younger investor. The one and only reason it is the best? It is Tax Free Money!

IRA Deduction Tips: Make sure to work with small investments as well as large. Though working with larger sums of money can return great dividends, smaller investments will also build your portfolio and profits. These small risks can pay great dividends over the long term. These can easily supplement those times when your large investments are in play.

Tax free money is awesome, but not if you are putting it into the wrong thing. 🤔

‼️ Best Place To Open A Roth IRA

✅ https://www.goodfinancialcents.com/best-places-to-open-a-roth-ira/

There are 4 investments that you should never put inside the Roth IRA

00:00 Intro

02:06 ➡️ 1. Penny Stocks – Chances of losing money are high.

03:56 ➡️ 2. Short-term Bonds – Typically a safe investment, but not meant for the long-term.

06:49 ➡️ 3. Annuity – Annuities already offer tax deferral.

08:34 ➡️ 4. Cash – Don’t hold too much cash in your IRA

⚠️ There is a Roth IRA imposter you want to avoid.

If an advisor tries to sell you a ‘super Roth IRA’ or a ‘rich person Roth IRA’ – watch the warning signs because they are basically trying to sell you an insurance policy. ⚠️

If you haven’t opened up a Roth IRA yet, please do so now!

#RothIRA

‼️ Best Place To Open a Roth IRA

✅ https://www.goodfinancialcents.com/best-places-to-open-a-roth-ira/

✅ Roth IRA Millionaire 💸😎: How to Get Tax-Free Money Explained (2018)

🎦 https://youtu.be/Cy8EsjQyREo

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Written by Bobby

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