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Ep. 154 - The Best Roth IRA Investments (for long-term wealth)
Manage episode 326794896 series 3019348
It’s a good day when we have a Good Financial Cents subscriber that is interested in ‘tax free money.’
That tells me you are listening and ready to take charge of your life.
Today’s question comes from Aaron:
“I am 28 years old and I keep hearing how much you love the Roth IRA. I am finally ready to get one but I am not sure which will give me the highest return - should I go with a bank or one of those online brokers?”
I would like to point out that a Roth IRA is not an investment, rather it is an investment tool. You are not buying a Roth IRA, you are opening a Roth IRA account and putting investments into that account.
04:27 Take advantage of those tax free benefits 05:30 Bank or Online broker 07:04 Avoid these types of investments 11:57 Best investments to add to your Roth 14:15 The Blended Approach 18:09 Diversified Stock Approach 19:43 The paycheck stock method 22:24 Get Techie Method 25:23 Buy it like Buffet 26:14 Real Estate in your Roth 28:30 Adding cryptocurrency to your Roth
Resources:
https://wealthhackerlabs.com/ask/
Check out my YouTube channel here.
318 afleveringen
Manage episode 326794896 series 3019348
It’s a good day when we have a Good Financial Cents subscriber that is interested in ‘tax free money.’
That tells me you are listening and ready to take charge of your life.
Today’s question comes from Aaron:
“I am 28 years old and I keep hearing how much you love the Roth IRA. I am finally ready to get one but I am not sure which will give me the highest return - should I go with a bank or one of those online brokers?”
I would like to point out that a Roth IRA is not an investment, rather it is an investment tool. You are not buying a Roth IRA, you are opening a Roth IRA account and putting investments into that account.
04:27 Take advantage of those tax free benefits 05:30 Bank or Online broker 07:04 Avoid these types of investments 11:57 Best investments to add to your Roth 14:15 The Blended Approach 18:09 Diversified Stock Approach 19:43 The paycheck stock method 22:24 Get Techie Method 25:23 Buy it like Buffet 26:14 Real Estate in your Roth 28:30 Adding cryptocurrency to your Roth
Resources:
https://wealthhackerlabs.com/ask/
Check out my YouTube channel here.
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