9 Roth IRA Mistakes Costing You Thousands
✅ Not sure how to invest? Find advisors here: https://penniesnotperfection.com/nect... ✅ Roth IRA rules found here: https://www.irs.gov/retirement-plans/... ✅ Roth Savings Challenge plans: https://shop.penniesnotperfection.com... Roth IRAs are amazing for investing for retirement, but many people make mistakes with these accounts. In this video I cover the most common Roth IRA mistakes I've seen. Mistakes to avoid: 1. Not using a Roth IRA because you already have a 401k. 2. Not actually investing the money. 3. Not maxing out your account for the year. 4. Not contributing for both people if you are married. 5. Taking too much risk with investments. 6. Not considering your tax brackets. 7. Breaking the rules on contributions. 8. Investing before you paid off high interest debt like credit cards. 9. Not keeping your beneficiaries updated. Want more Roth IRA info? Watch more of my Roth IRA 101 videos: • Roth IRA 101 Roth IRA rules found here: https://www.irs.gov/retirement-plans/... Roth Savings Challenge plans for weekly and biweekly contributions: https://shop.penniesnotperfection.com... ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ RECOMMENDED: BANKS & CARDS: 🏦 Wealthfront Savings: https://penniesnotperfection.com/weal... 🏦 Capital One 360: https://penniesnotperfection.com/Capi... 🏦 My credit card: https://penniesnotperfection.com/cspcard BUDGETING: ⭐ Printables: https://shop.penniesnotperfection.com/ ⭐ Quicken Simplifi: https://penniesnotperfection.com/simp... ⭐ Monarch: https://penniesnotperfection.com/monarch CASH BACK APPS: 💵 Rakuten ➝ https://penniesnotperfection.com/Rakuten 💵 Fetch Rewards (code: MV7RR) ➝ https://penniesnotperfection.com/Fetc... 💵 Ibotta ➝ https://penniesnotperfection.com/ibotta 💵 Upside (code: RXZNW) ➝ https://penniesnotperfection.com/upsi... ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ CONTACT ME: 🔹 Website: http://penniesnotperfection.com 🔹 Shop: https://penniesnotperfection.com/shop/ 🔹 Instagram: / penniesnotperfection 🔹 Buy Me A Coffee: https://www.buymeacoffee.com/youtubep... Mary P.O. Box 240981 Memphis, TN 38124 ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ ➝ **The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. I am not a professional and this channel is for entertainment purposes only. Do your own research!! *Affiliate links. I get commissions for purchases you make through links shown here. It doesn't affect your purchase in any way and the commissions help support this channel. I only recommend items I personally use and appreciate the opportunity to share.
