Hi! I have an individual Investment account and a savings account with Wealthront. Would you still recommend opening a Roth IRA, especially since I don't have a 401k? Is investing in stocks on your own a better option?
@@Dxriz1worked for me. Retired at 50, about 65% of our assets are in ROTH IRA. Allows us to keep traditional IRA distributions in a nice low tax bracket (using 72t to avoid penalties) and supplement that with Roth contribution+conversion withdrawals. Keep plugging away and it can really work. Especially important if picking stocks to invest in companies you believe in otherwise during a downturn you’ll feel an unbearable pressure to sell at lows. Investing more aggressively in a roth is more beneficial cos the risk reward is more skewed toward getting a reward and keeping it all, plus you can get in and out of positions when you think the time is right instead of feeling trapped in a position cos of possible tax consequences. Good luck!
When will you post 7 year update?
So 6500-*6.39,000 grew to 58k? Nice
Dude thanks you so much for the video!
You bet!
Do you choose the investments? Or is it auto
So you contributed about 6000 per year over 6 years to get to that amount ?
which bonds did you chose ?
Cani contribute 7k in my rot ira in one deposit?
You are one subscriber from a thousand. (I’m your 999th follower)
Thank you!!! So close :)
Hi! I have an individual Investment account and a savings account with Wealthront. Would you still recommend opening a Roth IRA, especially since I don't have a 401k? Is investing in stocks on your own a better option?
We need the 7th year update!
You hit a thousand
Yayyy!
is this your Roth IRA or your 401k?
Nice!
Thanks!
What about today 👀
Unfortunately, you need at least 1.5 million to retire as a single. Keep doing this for another 30 years you might be able to retire.
I’m sure he has other assets or investing portfolios besides Roth IRA, he’s doing good
@@Dxriz1worked for me. Retired at 50, about 65% of our assets are in ROTH IRA. Allows us to keep traditional IRA distributions in a nice low tax bracket (using 72t to avoid penalties) and supplement that with Roth contribution+conversion withdrawals. Keep plugging away and it can really work. Especially important if picking stocks to invest in companies you believe in otherwise during a downturn you’ll feel an unbearable pressure to sell at lows. Investing more aggressively in a roth is more beneficial cos the risk reward is more skewed toward getting a reward and keeping it all, plus you can get in and out of positions when you think the time is right instead of feeling trapped in a position cos of possible tax consequences. Good luck!
Hows it look now lol
Still great….
Nice vid