Roth IRA 101

Roth IRAs allow regular people to save for retirement and become tax-free millionaires.

In this Roth IRA 101 guide I share all the resources and tools I recommend for investing in a Roth IRA.

Roth IRA Explained

This guide to Roth IRAs for beginners goes over a few things:

• why you should open a Roth IRA
• what a Roth IRA is
• benefits of using a Roth IRA
• my personal experiences with Roth IRA investing
• my recommendations on where to open a Roth IRA
• sharing which investments to pick

Remember: I am not a financial advisor and this is not advice, just my experience!)

Read: Roth IRA Explained (Retirement Savings 101)

Where To Open A Roth IRA

People often ask me where to open a Roth IRA after they find my videos on these accounts.

There are many good choices and I recommend three options that I’ve had experience with personally:

• Vanguard
• Fidelity
• M1 Finance

These are just the accounts I’ve had experience with but many brokerages offer excellent options.

Read: Where To Open A Roth IRA

Things You Need To Know

Things To Know Before Opening A Roth IRA Video

There are many things you need to know before opening an account including:

• your personal tax situation
• if you are eligible to open a Roth IRA
• all the rules around Roth IRAs

Read: Top Things to Know Before Opening a Roth IRA

Tracking IRA Contributions

Do you want a visual tracker to keep you motivated with maxing out your Roth IRA?

Check out these Roth IRA trackers!

$6,000 Roth IRA Saving Challenge Tracker – This will help you plan and invest money to max out your Roth IRA!

This $6,000 Money Saving Challenge is designed to help you keep track of the $6,000 over one year. This allows you to invest in your Roth IRA to max it out.

This tracker bundle includes THREE different options included in this money savings challenge:

• 3 different $6,000 Roth IRA investing challenge trackers with amounts to save each week for the whole year (52 weeks) to max out $6,000 contribution

These Roth IRA challenges are designed to pick one amount each week and put it in your Roth IRA in order to max it out at $6,000.

$7,000 Roth IRA Saving Challenge Tracker – This tracker helps you plan and invest money to max out your Roth IRA in 2021!!

This includes THREE different options included in this money savings challenge:

• 3 different $7,000 Roth IRA investing challenge trackers with amounts to save each week for the whole year (52 weeks) to max out $7,000 contribution

This design encourages you to pick one amount each week and put it in your Roth IRA. The $7,000 Money Saving Challenge will help you keep track of the $7,000 over one year to invest in your Roth IRA to max it out.