The money you contribute to a Roth IRA are "after-tax" dollars. Do you want to learn more about Roth IRAs? If yes, this chapter is for you!
"The best time to start saving is now."
Welcome to a video series based on Gene Natali’s award winning personal finance book, The Missing Semester. This 13 videos in this playlist, break the book into a bite sizes piece followed by a single action step for you to apply after reading each chapter. This video discusses Chapter 9 1/2, a chapter written specifically to introduce the Roth IRA. A Roth IRA is an investment account intended for retirement. As retirement plan types change, the Roth IRA continues to grow in importance.
HERE'S WHAT YOU NEED TO KNOW:
A Roth IRA is a retirement account and the money you contribute is made with after tax dollars. This means the money in the account is all yours, because you've already paid taxes on it. Yes, it grows 100% tax free!
ACTION STEP:
Open a Roth IRA. If you can't today, build a plan to get started as soon as you can in the future.
Time Stamps:
0:00 What does a Roth IRA have to do with easy math?
0:08 The money you contribute to a Roth IRA is made with after tax dollars
0:31 The money in the account is all yours
0:41 High school teachers have begun to teach this topic
0:47 I managed a pool
0:57 Gene, thank you
1:09 Action step
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More from Troutwood:
FINULATOR: Enter the forest of finance and practice adulating before you become one.
https://www.troutwood.com/finulator
BUY SELL HOLD: An investment game based on real historical stock market data.
https://www.troutwood.com/stock-market-game
TIME PORTAL: Simulate an investment in the stock market.
https://www.troutwood.com/stock-market-simulator
FINMOJI: Find your financial personality type!
https://www.troutwood.com/finmoji
TROUTWOOD MAP: An interactive stock market map.
https://www.troutwood.com/map-of-the-stock-market
BLOG: Your financial questions answered.
https://blog.troutwood.com/
PODCAST: Watching Trees Grow (because what if money worked the same way . . .)
https://www.troutwood.com/finance-podcast
Read Gene's Award-winning book
The Missing Semester: https://a.co/d/6G0n9YX
The Missing Second Semester: https://a.co/d/f9dxWzM
BIOGRAPHY
Gene Natali is Co-founder and CEO of Troutwood, a financial technology company founded out of the Carnegie Mellon University Swartz Center. He is a Chartered Financial Analyst, board member of CFA Society Pittsburgh, Executive in Residence at the Black School of Business | Penn State Behrend and a part-time lecturer at the University of Pittsburgh, where he has taught Personal Finance since 2015.
He is an award-winning author (The Missing Semester), has spoken in over 1000 unique high school and college classrooms, and regularly keynotes investment and education conferences across the country. Gene holds an MBA with a concentration in finance from Carnegie Mellon University and a bachelor's degree with a concentration in economics from Allegheny College.
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The information presented on or through this video is made available solely for general information purposes. We do not warrant the accuracy, completeness, or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the video, or by anyone who may be informed of any of its contents.
