5 HUGE Roth IRA Mistakes That Can Cost Thousands

2020 6/01
5 HUGE Roth IRA Mistakes That Can Cost Thousands

In this video, I will share five huge mistakes that people make with their Roth IRA’s.

A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you’ve owned your account for 5 years and you’re age 59½ or older, you can withdraw your money when you want to and you won’t owe any federal taxes.

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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.



コメント一覧 (161件)

  • Sulaiman Shah - Finance Videos says:

    I just sold my stock in my roth ira and I’m thinking about cashing out the money. I dont want to wait 40 years to to be able to pull out the money. Do you think the penalty is worth it?

    • Stock Investment Analysis says:

      I don’t think it is worth it, especially because you also get hit with taxes at the same time. It might be better to just add new money to a brokerage account for early retirement. That will cover you until 59.5 and you can start pulling from the IRA too.

    • Sulaiman Shah - Finance Videos says:

      @Stock Investment Analysis Smh I forgot about taxes. They always get you.

    • Im Davis - Personal Finance, Career, & Wealth Tips says:

      The whole point of the IRA is for retirement, don’t touch it or you’ll be hit with tax penalties.

    • precious A says:

      What was the point of you contributing in the first place? Should’ve just put money into a taxable account

    • Christopher k says:

      Tax is going up …inflation going up…. governments change yhe rules … maybe grab your money and give you a worthless bond.
      Do you think there will be a currency crisis in your life time???
      Think b4 you put your labor into an account you can’t control… so many of these financial predators are preying on nonthinkers.

  • Demetri Panici says:

    Honestly it surprises me that more people don’t take advantage of Roth IRA’s it’s tax free money! Great video Nate!

    • 😂Sam Kinison😂 says:


    • Josh Posey says:

      It’s money you’ve already paid taxes on, not money that doesn’t get taxed.

    • Omgdannie2 says:

      Well a lot of people don’t have that extra 5500 a year, or they have debt. also financial literacy.

    • Silidons says:

      @😂Sam Kinison😂 the difference is, when you retire on a roth ira, you aren’t taxed on the gains. if you retire with a normal account, you do get a tax benefit while you’re investing every year, but when you retire you get hit with a double tax: tax on contributions, AND taxes on the gains.

  • Marco Lorenzi - Personal Finance Videos says:

    I will watch *ten* *hours* of you talking about Roth IRA. That is a promise. Please make that video.

  • Detail Enthusiast says:

    It’s 2030 who still watching
    (Thought I’d be first 🤣🤣🤣)

  • Sang Tran says:

    But you can withdraw your contributions with out any fees right?

    • School of Personal Finance says:

      Yes you can at any time. No taxes or penalties when you withdraw contributions.

  • Making A Millionaire says:

    Nate is the man, I’ve taken all his advice, jumped out of my comfort zone and now I’m on my way to making 4 figures a month(proof in my channel). I’ve just created a YouTube channel to document my progress and show you all how am doing it. I would love your support/feedback. Peace.

  • Im Davis - Personal Finance, Career, & Wealth Tips says:

    Roth IRA is great way to easily invest and diversify for most people.

  • Budget Gino says:

    I can be used to maximize your profits when used intelligently 🙌

  • Stock Investment Analysis says:

    It’s never too late to think about retirement and these issues. Whether someone chooses a Roth vs. Traditional IRA will partially come down to how much they expect to earn in retirement vs prior to retirement. We want to maximize tax savings so we want to be taxed on this money at the time we are receiving the least income. This ensures a lower tax rate and more savings for us. Thank you for this great video! These mistakes you explain can really add up!

    • Sam Penney says:

      Good advice, makes sense!

  • The Wong Mindset says:

    Tax free money in the future is the way to go

  • Rhodes says:

    Another great video Nate! 🙂

  • Jack Buchanan - F.I.R.E. and Personal Finance says:

    Tax benefits are too good to pass up in my opinion. Maxing Roth is best way to get tax free growth and still be able to access it before retirement age!

  • Nick Skye Hoyt says:

    This is clutch

  • Combat Jones says:

    This Ira Roth guy must have been pretty smart.

    • School of Personal Finance says:

      That’s pretty funny!!

  • Philly says:

    loved it

  • BusinessBuzz says:

    Here’s the biggest mistake: *NOT HAVING ONE!*

  • Ali Usmi says:

    Nice 👍🏻



  • Momo_tree says:

    Can you put the sparknotes in the description like Graham Stephan does? It saves people a lot of time when they don’t want to sit throught 13 minutes because they already know what the terminologies are.

  • Reece Iovine - Real Estate & Personal Finance says:

    It is surprising how few PPL focus on saving and investing until it’s almost too late 😬😬

    • Jonno Alexander says:

      Most of us don’t have enough leftover from our collectively lessening income even under self-imposed austerity measures. Took me forever just to save up 1K to open a Roth IRA account and since the pandemic can’t contribute. The only positive is that I refuse to withdraw even during lockdown. By the time my income catches up to have significant amounts saved aside, I will have lost the edge of compounded interest over time. I get angry everytime I am reminded of this and honestly feel a bit helpless.

    • Justin Yeo says:

      I’m one of them. Catching up at light speed…. hopefully. Glad i found Nate’s video. But hey, he’s just nobody on the internet

  • Thomas Wilke says:

    I forwarded this video to my dad. He is 45 years old and he doesn’t plan to anytime soon because he has to start paying for my college education two years for now

    • School of Personal Finance says:


  • Learning Finance says:

    Interesting video Nate, as always !
    I just shared a fundamental valuation on Delta Airlines , if interested 😊

  • Broke Man Finance says:

    The biggest mistake, IMO, is deciding to wait for the right time to get one. Just pull that trigger and get started. Time is a valuable thing.

    • School of Personal Finance says:

      Time is 💵!!

  • Cheyenne says:

    So true! it’s crucial to be financially prepared for retirement before it’s late! Good tips!

    • School of Personal Finance says:

      Financial education makes all the difference!!

    • Stock Investment Analysis says:

      Absolutely! I wish this was taught in school. I don’t know why it isn’t.

  • Detail Enthusiast says:

    Should I invest in bottled water?

  • Denis Babochenko says:

    1. 3:49: Not Using IRA
    2. 5:07: Early Withdrawals
    3: 7:49: Not Contributing For Your Spouse
    4. 8:51: Penny Stocks
    5. 10:17: Excessive Fees

  • precious A says:

    Sending this to my younger sister who is 21 and it’s been bothering me that she isn’t taking investing seriously

    • School of Personal Finance says:

      Great! That’s a perfect age to get started!

  • Black Vito - Moneyology says:

    About 2 years ago when Graham Stephen told me about roth IRAs I hopped on it!


    Quick Question: Does the irs automatically take out the portion of the money contributed into the Roth IRA account toward tax? or do we have to submit money to the IRS manually?

    • Rakiyang says:

      That’s what I’m wondering too, I don’t fully understand roth ira and when i google it doesn’t quite answer my questions.

    • 1Findawg says:

      @Rakiyang The money that is put into a Roth IRA is already taxed. Meaning it is the money that comes home from your paycheck after your company withholds the taxes.

    • Des says:

      ROTH IRA is after tax contribution, you are taxed for capital gains after you make withdrawals.

    • Silvio Picano says:

      @Des My understanding is that after age 59 1/2 and meeting the minimum 5-year rule, no portion of a Roth IRA withdrawal is taxable?

    • slew dog says:

      Silvio Picano you are correct, if your vested for at least 5 years in a roth its tax free money when you withdraw

  • Casey Burns Investing says:

    Fees and taxes kill. And agreed, we need to diversify over time, diversify investments, and diversify TAX STRATEGIES.

  • Kyle Vanderzell says:

    The earlier you start taking advantage of a Roth IRA the more it will help you

  • Zack Mills says:

    :the flunctutions of bitcoin in value does not affect my earnings from Mr Jason Rodriguez..

    • Zack Mills says:

      :}he’s a top skilled and a strategic trader,my negotiations with him has been profitable and secure..

    • Zack Mills says:

      I haven’t recorded any loss with him..

    • Zack Mills says:

      :}+1 360 549 4304{::

    • Zack Mills says:

      He’s available on what’s app:

    • Zack Mills says:

      :consistent winning Is guaranteed..

  • Alexey Ivanov says:

    What is Roth? And what is IRA?
    The name of the video sounds confusing for 90% of audience

    • Silvio Picano says:

      IRA: Individual Retirement Account (primarily designed to help you, over a long period of time investing, plan for your retirement years with income).
      There are 2 fundamental types and operation:
      1. Traditional: a portion of your income is not-taxed, placed into a personal investment account, matures many years later, you withdraw portions, and pay taxes.
      2. Roth: a portion of your income is taxed, placed into a personal investment account, matures many years later, you withdraw portions, and pay no taxes.

  • Rakiyang says:

    What would be more beneficial, adding, let’s stay, $200 per month to your Roth IRA and buying a couple of shares per month, or saving a substantial amount within the yearly limit and then buying stocks? I can’t quite grasp this concept just yet. I just started looking in investing a couple of weeks ago.

    • School of Personal Finance says:

      I think doing it monthly is a better way to go. This way you dollar cost average into the stock and aren’t sitting on the sidelines waiting to save up enough to invest.

    • Rakiyang says:

      @School of Personal Finance that makes sense! Thanks!

  • Millennial Finance says:

    I can’t even imagine buying penny stocks with my Roth. I just cringed at that part lol

  • Samuel Lewis says:

    Great vid Nate man. Been watching you for just over 2 years now. Started my own investing channel covering MJ, OIL stocks etc, would be great if you had a look man!

  • School of Personal Finance says:

    Best part is you can make tons of mistakes (and probably will as I did) and still end up with a ton of money in your Roth IRA at retirement. Key is just getting started and getting that financial education.

  • Curt Randall says:

    you should have included #6 which is a very important one that many people are not aware of. But over-contributing can be costly when your income is too high. Unlike a traditional IRA, a Roth IRA has an income limit. If your modified AGI (MAGI) is more than the limit for that tax year, you are not allowed to contribute to a Roth IRA. Some people contribute early instead of waiting until the year is over, but they end up making more money than originally expected and pushes them over the allowed income limit. If you fail to correct this by having your brokerage company remove your contributions for that tax year, it can be costly especially if you do not realize this until years later when the IRS hunts you down.

    • Stock Investment Analysis says:

      My accountant actually caught that for me this year, so you are 100% correct there. I thought by using a backdoor Roth I would be okay, but apparently I was incorrect.

  • Ifeatu The IT Guy says:

    You’re welcomed for the support

  • Chantal Ramirez says:

    I’m only 15 , but really love how easy Nate makes it for me to learn about finance !keep up the good work 👍🏽

    • Money Talks says:

      So glad your starting early

    • Sam Penney says:

      Wow you are showing a lot of initiative!

  • Mashmakhan says:

    Yeah, I wish I started investing in a Roth when I started working at 14. I had no idea and nobody ever told me about it

    • bilal A says:

      I am 31 and I learned about investing, Roth, financial IQ, and anything personal finance related at 28 yrs. No one told me before how to manage money and how to get financially savvy and strong. But, I am an optimist, and looking forward I can see myself in a very solid financial position and having a great quality of life when I will turn 41 — 10 years from now. But I will make sure that my kids develop a good sense of supply and demand from an early age so that they may have better lives in their 20s than I ever had.

  • Garen1 says:

    Is there a point in investing through a roth ira if u r planing to retire very early on and live off of ur own investments u started outside of the roth? Such as having a dividend portfolio

    • Silvio Picano says:

      I believe a Roth IRA has no required minimum distribution, at age=70 1/2. Unlike a Traditional IRA, you are subject to required minimum distribution, which I believe is approximately 4% every year. So, if you continue to invest yourself, live off dividends, collect Social Security, etc, then you will not need to withdraw from Roth until only you decide you need it. In the opposite situation, you must withdraw 4% from traditional ira, atop your other retirement incomes which could actually push you into a higher tax bracket.

  • Mr.Awesomestar7 says:

    Is this a TFSA in Canada

  • bilal A says:

    One thing to keep in mind is that Roth is better for someone paying less tax today by being in a lower income tax bracket. If a person pays more tax today because he is in a higher tax bracket it might be more costly to put money after paying big taxes into Roth IRA than in the traditional IRA. In the second situation, it makes more sense to use a traditional tax-free IRA which often comes with the employer contributing a certain percentage of what you invest. It would be nicer to have both IRAs (Roth + traditional) and invest money in them individually depending on your tax bracket and various life situations.

  • Mister Frugal - Ofir Cohen says:

    I keep my Roth IRA with Vanguard… Love that tax advantage account, I set up weekly automation from my BOF to that acount to get some diversification over time… and planing to keep doing it as long as I can…

  • Carles Tutusaus Marrugat says:

    I want to invest in a Roth IRA but I’m Spanish, little problem 🙁

    • Lefty C says:

      How is being Spanish a problem?

    • Silverballs00 says:

      Carles Tutusaus Marrugat Must be an illegal immigrant and trying to avoid the tax man huh?

  • Mark Medina says:

    I am 21 years old, and I was literally looking into opening a Roth IRA account today. Here and behold, this video pops up. Well informed and knowledgeable. Subbed.

    • Adam Reyes says:

      Best thing you can do at your age. Get started!

    • Sam Penney says:

      Well done for being an entrepreneur at 21

  • Black Tulip Institute says:

    This is exactly the advice my parents gave me. I guess I needed to head it from you.

  • Aaron says:

    Trying to retire early hopefully by 40 especially if I finish my 20 years in the military

  • Dave Schmarder says:

    I have to disagree with one thing, Nate. Around 2 minutes in, you mentioned double taxation on taxable accounts. You pay tax on the original income. That money is not taxed again. Only the investment gains are taxed. The money you originally put in is not a capital gain.
    Capital gain rates are presently 0% – 23.8% depending on the adjusted gross income. Earned income and tax deferred income (IRA) is taxed from 12% to 39.6% in most cases.
    An IRA is taxed at the full tax rate when taken out. This applies to 401(k) or other tax deferred investments.
    For most low to mid earners, I think that getting an employer match is the first task. After that, money should go to a tax free investment like a Roth IRA, and pay the tax due on the amount. Then dump all you can in a taxable account.
    Only come back to the 401(k) when you need to avoid a 32% and above bracket.
    Most young people don’t get this part, but when you are near retirement age, those required minimum distributions can be a killer. I’m 70yo. Fortunately I have relatively little in my IRA. Everything else is in a taxable account or my Roth. I can adjust my taxes each year, depending on my activity.
    Glad you are staying well, Nate. I’m doing fine too. Social isolation is now the “in” thing and people are no longer talking about me. 🙂

  • Jade Choi - Million Dollar Challenge says:

    This video is legit👍 Thank you for sharing

  • Owen Bower says:

    In business , The purpose of the run of investment (ROI) metric is to measure, per period, rates of return on money invested in a economic entity in order to decide wether or not to undertake an investment, how else would know all this if not for Chris Bradley , trading with him is the best decision I’ve made in a while.

    • Owen Bower says:


  • kenny clinton says:

    Financial freedom is available to those who learn about it and work to achieve it. Understanding the money market is key to trading and you come to realize that patience is a virtue. Over time I have come to realize all of this with the aid of Chris Bradley.

    • kenny clinton says:

      ReacH his w’atsApp;

    • kenny clinton says:


  • Jack Barner says:

    I’m especially fund of Chris Bradley , especially in his ability to deliver in time. I have never waited in suspension for a ridiculous amount of time to get paid. I followed the rules he laid down and everything is working out fine for me.

  • Crawford Rhoderick says:

    Sit still, you cannot live forever, men die a few years after retirement , you will change job about eleven times in you life, most men will get seriously sick in your fourth, if you have children they may also get sick, or some sickness might happen, like covid19, you not living in the real world. You are not going to get married, and hide until you are seventy years old unhappy life. I feel sorry for you.

  • Joseph Wehby says:

    Are you gonna make the video on analyzing a companies balance sheet???

  • Financial Shinanigan says:

    Another tip: if you are a first time home buyer, you can take out $10,000 without penalty. So if you and your spouse both have IRAs then it’s $20,000.

    • Jocie M says:

      Bad decision. Don’t do it. You will never recoup the compound interest you would have gotten. Check out Dave Ramsey and investing with Rose.

    • Sam Penney says:

      That’s some good advice right there!

  • Kepler Gelotte says:

    Always invest in 401k at least up to the company match (free money). Convert your 401k to an IRA as soon as you leave the company since this opens up your investment options. Roth IRAs also don’t mandate distributions when you reach 70 so deplete your traditional IRAs first then start tapping into the Roth since it grows tax free. Choose an investment advisor who will act as a fiduciary. This is a strict legal term meaning that they put your interests first.

  • Jules Élan says:

    Nate, can you do a review of Fitness Bank? I just found out about it yesterday, sounds like an interesting concept.

  • Clay Andrews says:

    When I started I used Fidelity Go and have them just major it for me. As I’m just hitting a year into my investment career they’re making pretty good plays with my money and aren’t charging me greatly. Nate, have you heard of this service? Interested in your thoughts?!

  • FANtasy222 says:

    Mistake No. 1: putting money into the IRA and NOT invest it.

  • Just Frugal Me says:

    I’m soaking in EVERYTHING you said. Prior to your video I downloaded a stock teaching app and learned a lot of terminology and concepts that prepared me to watch your video.

  • Amber Sims says:

    What if I already have a 401k? Do I really need both?

    • Gazziza29 says:

      It’s smarter if you split between both tax advantaged accounts. 401k you can contribute tax free money but will you be taxed on any growth and the distribution. Roth IRA you’re taxed on the up front contribution but any capital gains and distributions will be tax free. So there are advantages of both buckets and it makes best sense to do both. Most people will say contribute to your 401k up to the match (if one is offered) and the rest in a Roth IRA. If your company does not match then a Roth IRA is better.

  • Roland Bioc says:

    Can you have more than one roth ira?

    • Gazziza29 says:

      It wouldn’t make sense to. IRS limit of your Roth IRA bucket is still going to be $6,000 annually. Uncle Sam isn’t going to let you squeeze out tax free growth willy nilly. So it really just makes sense to have one Roth IRA account.

  • MrOldclunker says:

    LOL When people your age get to retirement age, the government will tax the hell out of you to pay for the trillions to the national debt for the bailouts and stimulus over the past 2 administrations. Why do you think they want to know what you have. LOL

  • MrOldclunker says:

    You are not as smart as you think. Roth IRA’s did not exist before 1997. So you are way off base by saying people in their 40’s and 50’s wished they had put more into them when they first started working or at 18. Do a little more research instead of gum flapping.

    • Giorgio Botteri says:

      Very true, but there were still 401K in the 80s. Regardless, the boomers have a harder time investing because the stock market wasn’t as strong as it is now. But they did have an advantage in investing in property and land hahaha

  • Arka Ghose says:

    What’s the harm of not adding the max yearly limit of an IRA? Also do you have to purchase only dividend-giving stocks/funds for compound interest to work?

    • Giorgio Botteri says:

      The yearly limit is 6K for most people under 59 (I think) but it is important to max the limit to take advantage of the IRA. Nothing will happen if you don’t but you will regret it later.

      Second question, no you do not. Compound interest is offered with banks where they can offer you a CD, high-interest savings account, or other types of high-interest savings accounts. But the truth is, banks will not offer more than a 2% interest return. You’re better off investing in an index fund and having your dividends reinvested (DRIP).

  • LaSophiaMichael says:

    So Do you not recommend having a financial advisor?

    • Giorgio Botteri says:

      Most of these things can be found online but I would only recommend having a financial advisor if you are in your late 30s because time is limited. Also if you have a lot of money to invest in, I wouldn’t do that alone as the risks increase.

  • Gethin O'Sullivan says:

    Am I the only one who thought he was gonna tell us what mistakes the ira did and how they could’ve been better.

  • Juan Gomez says:

    Can you talk about the Roth 401k?

    • Giorgio Botteri says:

      Pretty much the same thing when it comes to the Roth term. The only difference is that a 401K is offered only through your employer. These have great benefits as some companies offer a match. Meaning, if you decide to invest 5% of your paycheck to your employers 401K, your company will match the same contribution (5%) towards your 401K portfolio.

      Some companies have different percentage match but the concept will be universal. You may want to discuss this with your employer because although they’ll match your contribution, some employers have different policies as to when you’re able to receive the matching rate. For example, my employer matches up to 4%, but if I decide to leave the company before a 2-year mark, they’ll discount some of the funds. Meaning, I need to stay for at least 5 years before I can receive their full 4% contribution.
      Let me know if this helps 🙂

  • George - The Money Making Wizard [Weekly Videos] says:

    Roth IRAs are so underrated.. many years ago I bought some amazon shares and put it into my Roth, lets just say I’m going to be really happy taking those profits out in 30 years without having to pay anything on them 🔥🤑🚀

    • Frank Soucek says:

      Me too!! BEST INVESTMENT(stocks/bonds/etf) AS A YOUNG PERSON!!

  • Richard Creasey says:

    IRA means something very different to us British people.

    • Giorgio Botteri says:

      Yes, let’s not start another war please haha

  • Sir Ken says:

    Just became debt free. I want to save for a house but im going to start a Roth in 2 months and contribute a little each month.

  • Modern Advantage says:

    I started my retirement accounts at age 24 and even I regret not starting at 20 years old. Thanks for the informative video!

  • Samuel Whitaker says:

    IRA has a very different meaning where I’m from…

  • GreenKatya says:

    I am deaf! Please on subtitles! Thank you.

  • Money Talks says:

    Great callouts..especially the fees..

  • Never Average Aventa says:

    Great info!

  • Leann Ford says:

    You are literally so cute

  • Luis Ramos says:

    Nate, Congrats with you’re great videos. Colud you do one in Spanish and English Subtitles. Over all great work.👍👍🙏💞👏

  • Jesseg0815 says:

    Me and the wife are both maxing out our Roth IRAs every year. Trying to change the family tree

  • Fatin Ishraq says:

    I haven’t maxed out my 2019 contributions yet. I am still contributing to the year 2019 and plan to max it out before the deadline(Was a student last year but am working fulltime this year). I am currently just putting money in but not buying any stocks, bonds or ETFs since I think the market is overvalued. My question is: can I buy stocks with the money in my 2019 IRA account after the tax deadline?

    And thank you for the tips!

    • Giorgio Botteri says:

      Yes, you can! The deadline is to deposit funds and not necessarily to invest. Keep on contributing and max the 6K limit, you’ll have plenty of time to decide which investments you’ll need to purchase. Hope this helps 🙂

  • Michael Dasneves says:

    Hi Nate! I love and appreciate you for sharing your knowledge and experience. I’m taking the advice in this video and I’m running with it, but I believe parts of your delivery, your tone and speech, comes off a bit rushed, impatient, and frustrated. Just my thought. I wish you the best. God bless you, brother!

    • Giorgio Botteri says:

      Yes, I got the same vibe. He did mention he was just trying to get the video posted because it was late at night. Great video regardless 🙂

  • Giorgio Botteri says:

    Really great video Nate, thanks for the tips!

    I did notice you described Traditional and Roth IRA’s a little off. You mentioned paying taxes for the money you’d receive from your employer for a traditional IRA but in fact, with a traditional IRA you’d actually be investing with pre-tax, meaning you don’t pay any taxes to your employer and Uncle Sam because you’d be paying for the taxes when you’re ready to withdraw.

    The key difference between a traditional IRA and a Roth IRA is that with a traditional IRA you’d be investing with money you haven’t paid taxes on, which is why you’d be paying taxes when you withdraw. While a Roth IRA is an account where you can invest with you paycheck that has already been discounted for taxes, which is why you wouldn’t be paying taxes when you withdraw, because you’ve already paid for them upfront.

  • Prosperous Life says:

    Thanks for the in-depth video Nate!

  • chiefs816kc says:

    Anyone know Robinhood’s app fees?

  • sandrina says:

    Does anybody know if there’s something like Roth IRA in germany?

  • Nana42 Yeharti says:

    I just open an Roth IRA however I bought etfs within the Ira ? What do you think? Is this a good move ?

  • Free Life Media says:

    I just turned 18 so i guess now is a good time to start

  • miskast 53 says:

    I thought I can withdraw without penalty and tax after 5 years from my first contribution year.

  • Investogram says:

    I love this! I actually learned a lot about Roth IRA’s in this video!

  • Jay Fairbrother says:

    Great video, Roth IRA is one of the best investment accounts you can have. Especially if you’re young!

  • Rocco Molena says:

    Homie great content but you are talking way to fast take a breathe

  • Slawh Dawg says:

    I’m only 6 been selling fresh squeezed under the table and hitting the Roth. F dem taxes

  • Lovely_Day says:

    Nate: “Maybe just one of the spouses works and the other just takes care of the kids…” LOL Taking care of children is serious work!

  • davidjedi115 says:

    ETFs. Add em to your ira. Look up some since there’s hundreds but usually the vanguard ones are good. I have 3 in mine and thats all I have in it.

  • devin B says:

    Wait you don’t recommend gambling with my retirement money??

  • antonis ! says:

    I can’t understand what should I do to start my career as a teenager… Where and how



    So let’s say I’m 20 years old and i put 30k in a roth ira and keep putting 100k annually for 15 years in an interest return of 8 % , when im gonna be 35 years old my account will have 3 million $ and i want to take it out am i going to pay taxes for that or even can’t take the 3 million


    If i keep investing in roth ira for 10 years and want to take my money when I’m 40 should i pay tax?