Vanguard Roth IRA Explained For Beginners (Tax Free Millionaire)

Описание: Learn one of the EASIEST ways to become a millionaire by investing in a Roth IRA on Vanguard.
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In this video, I explain Vanguard Roth IRA investing at a beginner level which will help you get started on a path to become a tax-free Millionaire. The power of compound interest is such a simple way to insanely grow your money with minimal investing effort.

My schedule is always insane with freelance work, YouTube, and everything else that life throws at me. I really love how simple and hands-off investing in a Roth IRA is. I can make my contributions, reinvest dividends, and let my money work for me. By the time I retire, my Roth IRA will have over 1.2 MILLION dollars completely TAX-FREE!

3 Reasons to Start Investing in a Roth IRA now
1. Your contributions grow TAX-FREE. I'm currently 30 years old. If I deposit the max $6,000 per year in my Roth IRA, then by the time I turn 63 years old I will have over a million dollars completely TAX-FREE. Everything in the account is 100% mine. Also, that's a $204,000 investment from me over the 33 years with around $817,000 gained in interest. INSANE!
2. You can also withdraw any of the money that you deposit (principal) into the account anytime without paying penalties or taxes. If some major life events occur and you need to pull out money that you invested (not the interest), then you can anytime!
3. Your SPOUSE can also open a Roth IRA and YOU can help contribute to it. These are individual retirement accounts and there's no such thing as a join Roth IRA. This allows you and your spouse to double your Roth IRA earnings over time.

This video specifically covers opening a Roth IRA on Vanguard, however, there are tons of alternatives like Fidelity and Charles Schwab.

The BEST time to start investing in a Roth IRA is NOW. The sooner (younger) you start, the more COMPOUND INTEREST you will earn. You will earn interest on top of interest on top of more interest, you get the picture.

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DISCLAIMER: This video contains affiliate links. This means that if you click one of the product links and make a purchase, then I'll receive a small commission. I'm not a financial advisor and this video is meant for entertainment purposes only.

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