Roth IRA Explained In Under 5 Minutes

TLDW 1) Roth IRA Protects your investments from taxes for the rest of your life 2) As of 2021, you can contribute $6k per year 3) As of 2021, Income thresholds are $140k for individuals and $198k for Married filing jointly Helpful Books The Total Money Makeover: https://amzn.to/2TJ47Xa The Simple Path to Wealth: https://amzn.to/3ABGq3v Selling Real Estate Without Paying Taxes: https://amzn.to/3hIhU8v Rich Dad Poor Dad: https://amzn.to/3woGCzK Power of Habit: https://amzn.to/3jTMLlc 7 Habits of Highly Effective People: https://amzn.to/36iWBF9 AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my personal opinions. 0:00 - Intro 0:25 - Why Open a Roth IRA? 0:45 - Contribution Limits per year 1:03 - Income Phase-out 1:35 - When can you pull out your money Open a Roth IRA: https://apps.vanguard.com/web/cf/move... ▸▸▸PLEASE SUBSCRIBE: If you like this video, please make sure to "like" the video and subscribe to the channel. I post at least one video a week related to financial literacy with the goal of helping others reach financial independence.