Retirement Accounts: How to FUND your Roth IRA (Stage 2)
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There can be confusion around the funding of your Roth IRA... "How Do I Rollover My Old 401(k)?" "How Do I Use The Backdoor?", "Can I Contribute To My 401(k) and My IRA in the Same Year?", "Can I Transfer Money From My Savings Account Into My Roth?"
A Roth IRA can be a great investment vehicle, but when you start funding it, you have to be sure you follow the rules!
In this episode of BrightWealth, Scott McLaine, BrightWealth Host and Academy Instructor answers all you questions in this short video lesson on funding your own Roth IRA.
* "How Do I Rollover My Old 401(k)?"
* "How Do I Use The "Backdoor"?"
* "Can I Contribute To My 401(k) and My Roth IRA in the Same Year?"
* "Can I Transfer Money From My Savings Account Into My Roth IRA, Or is it Deducted From My Paycheck?"
When you first open your Roth IRA, it doesn't have any money in it. It's just a blank investment vehicle. You need to put money into it. And then, ultimately invest that money.
In this video, we take a quick look at Stage 2 - Funding Your Roth IRA. As with all investment options, there are pros and cons to the Roth IRA. Please use this video as education content only.
Website: http://www.BrightAdvisor.com
Schedule a 1-on-1: http://tap.bio/@brightwealth
*** IMPORTANT DISCLAIMER ***
Nothing in this video should be considered as personal advise for you specifically. You should consult with your financial advisor before making any investment related decisions.
#IRARollover #RothIRA #IRA #RetirementPlanning #RetirementAccounts #Roth #RetirementPlans #FinancialEducation #FinancialLiteracy #PersonalFinance #401k #FinancialFreedom #7702a #FinanceTips #Wealth #GrowingWealth #TaxSaving #InvestmentStrategies
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