In this lesson we are talking about the Roth IRA: a LEGAL tax loophole that is "too-good-to-last" according to a millionaire mentor of mine.
If you have heard about the Roth IRA and are curious, this will help give you some inspiration to take advantage of this awesome tool the US Government has given us.
Links:
Our 10x Investing course will show you (down to what buttons to press) how to open one AND teach you how to make wise investments inside of your Roth IRA - https://SeedTime.com/10x
Our True Financial Freedom class will teach you how to master all aspects of the money in a God-honoring way - https://SeedTime.com/tff
Watch this episode on our SeedTime Money Podcast YouTube channel - https://youtu.be/u98na2GI3uQ
Here is just a little bit of what we cover in this episode:
Why I think almost everyone should have a ROTH IRA
How it could save you hundreds of thousands in taxes
How much can I contribute to a Roth IRA?
Who is eligible to open a Roth IRA?
What types of investments can I hold in a Roth IRA?
When can I withdraw money from a Roth IRA?
Can I withdraw contributions from a Roth IRA tax-free?
Are there any penalties for early withdrawals from a Roth IRA?
What is the difference between a Roth IRA and a traditional IRA?
Are there any other fees associated with a Roth IRA?
How do I open a Roth IRA?
If you haven't checked out our best-selling book Simple Money, Rich Life (https://seedtime.com/smrl/), we think you'll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon, and is best described as "a money book for people who don't read money books."
You can take it for a test drive for FREE at https://SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.
Published on 2 years, 9 months ago
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