How To Invest with a Roth IRA 2024 (Start to Finish) | NerdWallet

What if we told you there was a retirement account that allowed you to take out your investment gains, potentially a million dollars, completely tax-free? Let us introduce you to a Roth IRA. In this video, Finance Nerd Marko from Whiteboard Finance will teach you how it works, the pros (tax-free growth and withdrawals, no penalty on early withdrawals from contributions, no RMD's) and cons (no up front tax break, contribution limits, income limits, 10% early withdrawal penalty), and how to set one up step by step.

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Roth IRA: Rules & How to Open One: https://www.nerdwallet.com/investing/...

Chapters:
0:00 - Intro
0:15 - Roth IRA Explained
1:50 - Tax-Free Calculation Example
3:14 - Pros and Cons of a Roth IRA
6:22 - Tutorial: How to Set Up a Roth IRA

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How To Invest with a Roth IRA 2024 (Start to Finish) | NerdWallet
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