HOW I'M AUTOMATICALLY MAXING OUT MY ROTH IRA IN 2019
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- čas přidán 28. 07. 2024
- Welcome to my MissBeHelpful channel!
Learn about my system for automating my contributions so I can max out my ROTH IRA in 2019!!!
ATOMIC HABITS: www.barnesandnoble.com/w/atom...
POWER OF HABIT: www.barnesandnoble.com/p/the-...
More from MissBeHelpful:
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How I Save Half of My Income: www.youtube.com/watch?v=swaKg...
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Maxing out my Roth IRA is at the top of my list!
I and my wife have automated our Roth IRA and Tradition IRA for the past six years. Investment net worth is at one million dollars. You have to automated, do not touch it, and living below your means
stirfry6251 you’re my #GOALS
Goals❤❤❤💞💞💞
you have until April 2020 to max out your 2019 Roth IRA by the way:) you’re welcome
Truly the power of compounding and at the same time you will be doing dollar cost averaging which is much better. Love your channel
I’ve divided my life into seven categories. I have seven banks, every time I get a paycheck the money goes out accordingly to every account. If i have extra money then I get to decide how to play with it but at least everything else is already taken care of. Happy new year!
I’ve considered this too. Is the accounts with the same bank?
No, I do all different banks. All online and I don’t carry any cards but just for some emergency accounts. I do switch every so often to higher yield savings accounts.
Automating your finances as much as possible is a great way to make sure your savings are on schedule and your bills are paid! Great video, Yanely! -Akeiva
Good lookin, Yaneli! Keep the jewels of wisdom pouring in so we can bath in knowledge and financial freedom later!
You are SO very helpful Ms.B.H. ty💓👍👌🎁
Automation is key!! Love it 😊
Tiffany Thomas, your wealth mentor yes it is! wish I knew this earlier!!!
I have confidence in you!!! Your date will be here in 3 days🍾🍾🍾 I opened my first IRA this past October.. yes my goal in 2020 I will max out my IRA for 2020🤗🤗🤗
I’m so tedious when it comes to my finances that I sat all December coming up with a automatic formula to max out my IRA and 401k 😂.
So to take advantage of Dollar cost averaging, I auto deposit in my IRA every week. Great content as always!!
I invest every other week 235.00 it automatic comes out my paycheck before I see my paycheck. I set it up that way.. You don't see what you can't miss..
I'm calling today, I have a question. I love the brushing teeth example, I was dying laughing lol
You actually don’t have to have it maxed out in December...you have until mid April (tax season) to max it out
Automate finances and always pay yourself first. You wouldn't miss paying a bill, you should have the same mindset when it comes to saving for your future😁
Nice idea. I may take a similar plan, just lower amount weekly since low income. Maybe can still max out with tax return.
You have some great points. Investing has to become "routine" and has to become a normalized behavior to really be fruitful. I tell people, you need a "goal" or "desire" to want to save or you won't do it. If you don't have an "end goal" it won't happen. I tell people to consider saving as paying themselves. If they can internalize that concept, it becomes much easier.
Can you do a video on Robinhood and how to get into the stock market. And a general video on how to buy sell and get into stocks
Awesome
Thanks! I gotta automate it so I KNOW it'll get done haha!!
So true
what to do after maxing out the roth ira and still have cash left over ?
Does it matter which company or bank you choice to start a Roth IRA?
I use Fidelity!
Do NOT use a bank!!! You want to use a financial firm...banks do not have a very wide variety of investments to out into your Roth IRA
Beautiful lady!!!!
So beautiful 😍
What if I max out my Roth every year with a 5,500$ check instead of funding it slowly is that bad? Need help thanks..
You many contribute $6,000 a year toward your IRA. Everything else equal you are more likely better off contributing the $6,000 near the beginning of the year in January.
Do you have to have a government job to put money in a IRA
What's the max amount that i can start a roth ira with? Is it $6000 like the yearly max contribution?
You can contribute $5,500 toward your 2018 IRA and have until the April 15 2019 deadline to do so. The 2019 max is $6,000.
@@alrocky thank you!
Investing in 2019. Roth or Traditional IRA.?
Curtis Davis I’m doing the ROTH but it depends on how much you earn and how much you think you’ll earn later in life. If you think your tax bracket will be lower at retirement then you should do a traditional but if you think your tax bracket will be higher at retirement then you should do a ROTH. ROTH means you pay taxes now and traditional means you pay taxes at retirement when you withdraw the money. Your goal should be to pay as little in taxes and maximize your hard earned money!
Very pretty lady!!!
Wow, so I have to put it on direct deposit omg lol
Wait you don't take off your shoes before you reach your bedroom? 😱😱😱
IMBIue I’m not perfect!!! 😩
@@missbehelpful 😂😂😂
I'm not perfect either 😭/
something about an ambitious woman...
@ missbehelpful I seen you in a minute.
I brush my teeth three times a day and I know how to do it the right way ! Most Americans don’t even know how to brush their teeth , let alone manage a IRA ...!