how to invest in roth ira (tax free millionaire)
how to invest in roth ira (tax free millionaire)
You can diversify your investment by putting your money in various generated income such as aggressive growth, high yield dividends, high yield income, index funds, aggressive growth mutual fund, ETFs, stocks, and other Real Estate investment. Here are the benefits investing in a Roth IRA:
1. You can take money out at retirement age 59 1/2 tax-free
2. You can give money to your kids or heirs tax free
3. You can continue to contribute after you turn 70 1/2 years old
4. You can take out your principle money that you put in Roth IRA after your account reached 5 years old free penalty
5. Your annual limit contribution for 2021 is $6,00 if you are single and make less than $125,000. If you are married filling jointly and make less than $198,000 you can put to the maximum limit. It is $6,000 in 2021 a Roth IRA.
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I am investing money based on systematic investment from my 9 to 5 job. My automatic investment are 30% into the retirement account. You can invest your money in anything your want as long as it grows steady and safe. I hope you enjoy watching my video. Don't forget to comment or click like.
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