This step-by-step video covers how to open, contribute to, and invest in a Roth IRA at Charles Schwab, updated entirely for 2024. Getting started investing can be daunting, but Roth IRAs are a great option for beginners. They are accessible to nearly everyone with earned income and allow you to grow and invest your money completely tax-free. After opening and contributing to a Roth IRA, it is really important for beginner investors to INVEST their money if they want it to grow for retirement. Charles Schwab makes this whole process very easy and this video walks through each step in detail. Roth IRAs are also great because unlike any other retirement account, the IRS allows you to withdraw your original contributions (not the gains) at any time, at any age, with no penalties or tax. Roth IRAs have some limitations like maximum annual contribution limits and a 10% early withdrawal penalty (for the gains) if you withdraw before age 59.5.
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⭐ USEFUL LINKS ⭐
► Open a Roth IRA at Charles Schwab: [ Ссылка ]
► Investment Timeline Calculator: [ Ссылка ]
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🕒 TIMESTAMPS 🕒
0:00 Updated 2024 Charles Schwab Roth IRA Guide
0:39 Why are Roth IRAs so great?
3:58 Limitations of Roth IRAs
6:57 How much could you earn in a Roth IRA?
7:51 Step 1: Open a Roth IRA at Charles Schwab
10:46 Step 2: Contribute to a Roth IRA at Charles Schwab
12:17 Step 3: Invest in a Roth IRA at Charles Schwab
18:24 Automatic Investing in a Roth IRA
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Disclaimer: This video may contain affiliate links, meaning that if you purchase a product I may receive a commission at no additional cost to you. I do not share any resources, products, or services that I do not personally use and believe in. I am not a financial advisor nor a tax professional. The content presented in this video is for entertainment and educational purposes only.
