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5 Ways To Build ROTH Money For Retirement
The reality is, it's highly likely that taxes will be going up in the future. Holding money in a Roth account helps you hedge against these inevitable tax increases and grow your retirement money tax-free!
In this video, I cover 5 ways you can build Roth money for retirement. They are:
#1 Opening a simple Roth IRA at an institution you trust
#2 Use the backdoor Roth IRA method
#3 Contribute to a Roth 401k or 403b employer sponsored plan
#4 Implement a Roth conversion strategy.
#5 Invest your Roth money in the market!
What method you choose will be dependent on your income and personal situation. Whatever you do, building tax-free Roth money will be highly beneficial for your retirement and should not be left out of anyones retirement plan!
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Timestamps:
00:12 - What is Roth money?
01:27 - What are the benefits to having Roth money?
02:51 - #1 Open a Roth IRA
03:58 - #2 The backdoor Roth IRA
05:18 - #3 Contribute to a Roth 401k or 403b
07:08 - #4 Use a Roth conversion
09:16 - #5 Invest your Roth money!
10:18 - Final summary
#rothira #rothconversion #retirementplanning
Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.
Copyright © 2023 Chisholm Financial Planning & Investments
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