Learning The Roth IRA BasicsBefore you set up a Roth IRA or use one to invest for retirement, you need a firm grasp of the fundamentals. For instance, it stands to reason you should know what a Roth IRA is. Right?
But in addition to that basic question, you need to know as much as possible about the attributes which differentiate a Roth IRA from other commonly used retirement accounts. Knowing the key differences can result in a much bigger retirement nest egg. For instance, did you know you can withdraw funds from your Roth IRA early to pay for qualified education expenses such as college tuition and NOT owe an early withdrawal penalty? And did you know that this provision isn't extended to you exclusively? It can also be used to fund the college education of your children and grandchildren... Knowing these little tidbits of information can mean the difference between financial struggle and financial freedom. So take the time to read through each of the links below... Even if you're already familiar with the information, it never hurts to brush up on your Roth IRA knowledge! What are the rules governing a Roth IRA? What are the benefits of a Roth IRA? Who can participate in a Roth IRA? What can you hold in a Roth IRA? What are the contribution limits for a Roth IRA? What are the income limits for a Roth IRA? What are the withdrawal rules for a Roth IRA? What are the tax consequences of a Roth IRA? Once you've taken the time to familiarize yourself with the fundamentals of a Roth IRA, then you can take the time to determine which Roth IRA investment strategy is best for you.
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What's New?Read 5 Reasons Why I Love My Roth IRA, our part in the Good Financial Cents Roth IRA Movement! Start planning ahead for next year by checking out 2017 Roth IRA contribution limits, and stay alert to this year's changes to the 2016 Roth IRA contribution limits. Our family fully funds our Roth IRA with this website. Learn how you can do it too. Are you confused or frustrated by the stock market? Learn how to build real wealth selecting individual stocks for your Roth IRA... Read more about what's new on the Roth IRA blog. Hi, I'm Britt, and this is my wife, Jen. Welcome to our Roth IRA information website! This is our humble attempt to turn a passion for personal finance into the Web's #1 resource for Roth IRA information. But, believe it or not, this site is more than just a hobby. It's a real business that provides a stable and steady stream of income for our family. In fact, because of this site, Jen is able to be a full-time stay-at-home mom and spend more time with our daughter, Samantha. But you want to know the best part? ...You can do the same thing! Anyone with a hobby or a passion (even with no previous experience building a website) can create a profitable site that generates extra income. If you're tired of solely depending on your job(s) for family income, click here now and learn why our income is increasing despite the financial crisis and how we're making our dreams come true. |
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